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An arbitration agreement is a contract in which parties agree to resolve their disputes privately, relinquishing their right to a national court's intervention. For the agreement to be valid, it must meet several conditions: it must be in writing, pertain to current or future disputes, relate to a legal relationship between the parties, involve parties with the legal capacity to consent, and concern matters suitable for arbitration. This agreement ensures that an independent tribunal resolves the dispute in a binding manner, preserving the integrity and independence of the arbitration process.
