Is an arbitration clause in a loan agreement an arbitration agreement?
If a loan agreement contains an arbitration clause, will that clause be considered an arbitration agreement?
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Advocate By LEAD INDIA
Answered: 12 Feb 2025
Sir, an arbitration clause in a loan agreement is considered an arbitration agreement if the contract is in writing and the reference to the arbitration clause is clear. This ensures that parties are only bound by arbitration if they agree to it. For further legal assistance contact us on our helpline number.
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