Question
Legal Studies Question on Arbitration, Tribunal Adjunction, and Alternative Dispute Resolution
Which of the following is incorrect with respect to arbitration agreement as per the Arbitration and Conciliation Act, 1996?
A
Arbitration agreement may be written as well as oral.
B
Arbitration agreement may be in the form of a separate agreement.
C
Arbitration agreement may be in the form of an arbitration clause in a contract.
D
Arbitration agreement may be for all or certain disputes which may arise between the parties.
Answer
Arbitration agreement may be written as well as oral.
Explanation
Solution
According to the Arbitration and Conciliation Act, 1996, an arbitration agreement must be in writing. Oral agreements are not recognized as valid arbitration agreements under the Act.