The Sole Requirement of an Arbitration Clause Is That the Parties

question 39

True/False

The sole requirement of an arbitration clause is that the parties agree to abide by the awards resulting from the process of arbitration.

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Definitions:

Perceived Costs

The potential negative outcomes or disadvantages associated with a particular action or decision, as understood or felt by an individual.

Feeling Entitled

The belief that one deserves certain privileges or special treatment.

Different Perspectives

The variation in views, opinions or aspects among different individuals or groups.

Constructive Conflict

Conflict that helps build new insights and establishes new patterns in a relationship.