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An arbitration agreement is a contract in which parties agree to resolve disputes outside of court through an independent tribunal. This agreement necessitates several conditions for it to be valid: it must be in writing, relate to current or future disputes, arise from a legal relationship (contractual or not), involve parties with the legal capacity to contract, and address matters suitable for arbitration. By agreeing to arbitration, couples relinquish their right to seek resolutions in national courts, committing to a private and binding resolution of their disagreements.