ARBITRATION CLAUSE

A clause inserted in a contract providing for compulsory arbitration in case of dispute as to righis or liabilities under it; ineffectual if it purports to oust the courts of jurisdiction entirely. See Perry v. Cobb. 88 Me. 435, 34 Atl. 278; 49 L. R. A. 3*9.

More On This Topic



Link to This Definition
Did you find this definition of ARBITRATION CLAUSE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary