The Arbitration and Conciliation Act, 1996
CHAPTER II
Arbitration agreement
7. Arbitration
agreement.
1.
In
this Part, 'arbitration agreement' means an agreement by the parties to submit
to arbitration all or certain disputes which have arisen or which may arise
between them in respect of a defined legal relationship, whether contractual or
not.
2.
An
arbitration agreement may be in the form of an arbitration clause in a contract
or in the form of a separate agreement.
3.
An
arbitration agreement shall be in writing.
4.
An
arbitration agreement is in writing if it is contained in-
a. a document signed by
the parties;
b. an exchange of
letters, telex, telegrams or other means of telecommunication which provide a
record of the agreement; or
c. an exchange of
statements of claim and defence in which the existence of the agreement is
alleged by one party and not denied by the other.
1.
2.
3.
4.
5.
The
reference in a contract to a document containing an arbitration clause
constitutes an arbitration agreement if the contract is in writing and the
reference is such as to make that arbitration clause part of the contract.