Law · Arbitration
Which of the following statements about an arbitration agreement is correct under the UNCITRAL Model Law on International Commercial Arbitration?
- 1It must always be a separate clause within a contract and cannot be an independent agreement.
- 2It must only relate to a defined contractual relationship and cannot cover non-contractual legal relationships.
- 3It must be executed strictly before any formal dispute has arisen between the parties.
- 4It must be in writing.✓
Correct answer
It must be in writing.
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