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An arbitration agreement is a contract between parties to resolve disputes outside of the legal system, relinquishing the right to national court intervention. For it to be valid, the following conditions must be met: it must be in writing, relate to current or future disputes, arise from a legal relationship (contractual or otherwise), involve parties with legal capacity and consent, and concern a matter suitable for arbitration. This independent tribunal then resolves the issue in a legally binding manner for all involved parties.
