Can an arbitration clause be modified?
An arbitration clause is a provision in a contract that provides for a dispute to be resolved by an arbitrator, rather than through a court. In Delaware, an arbitration clause can be modified. However, the modification must be clear and unambiguous, and the parties must be in agreement. Modifications can include changes to the arbitration procedure, the law that will be applied, the selection of the arbitrator, or other matters. When changes to an arbitration clause are being considered, it is important to follow the appropriate process and to ensure that the amendment is properly documented. This includes both parties signing the amendment and ensuring that the amendment is incorporated into the contract. In Delaware, the parties have to enter into the agreement freely, without coercion. This means that if one party is in a position of power and forces the other to accept the modification, it may not be enforceable. Generally, Delaware courts will enforce rulings made by an arbitrator as long as the arbitrator followed the agreed-upon procedures. If there is a dispute over the modification of an arbitration clause, the court may have to review the amendment and decide whether it is valid. In any case, it is important that both parties carefully consider any proposed changes to ensure that the modification is valid.
Related FAQs
What is a class action arbitration?What is a Model International Commercial Arbitration Act?
What is a petition to confirm an arbitration award?
Are there any special considerations for investment arbitration?
What is an offer of judgment?
Are there limits to the amount of attorney’s fees that can be awarded by an arbitrator?
What is an arbitration award?
How do I challenge the jurisdiction of an arbitrator?
What is a motion to compel arbitration or stay proceedings pending arbitration?
What is an interlocutory appeal?
Related Blog Posts
Unlocking the Basics of Arbitration Law: What You Need to Know - July 31, 2023Top Tips for Navigating Arbitration Law Successfully - August 7, 2023
Comparing International and Domestic Arbitration: What Businesses Should Know - August 14, 2023
Effective Strategies for Drafting Arbitration Agreements - August 21, 2023
Common Misconceptions About Arbitration Law: What Everyone Needs to Know - August 28, 2023