What Is a Provision in a Contract Mandating That All

question 9

Multiple Choice

What is a provision in a contract mandating that all disputes arising under the contract be settled by arbitration called?

• A)A binding arbitration clause
• B)A non-compete agreement
• C)A forum non conveniens clause
• D)An in rem clause
• E)A quasi in rem clause

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Definitions:

Commitment

The state or quality of being dedicated to a cause, activity, or goal, often involving a promise or firm decision to do something.

Challenge

Any task or situation that tests someone's abilities in a way that is stimulating, demanding, or requires an effort to overcome.

Control

The psychological process or mechanism that regulates an individual's ability to direct their thoughts, emotions, and behaviors towards achieving goals or responding to environmental demands.

Self-Actualization

The process of realizing and fulfilling one’s own potential and capabilities to become self-sufficient and creatively expressive.