What is estoppel in arbitration?

Estoppel in arbitration is a legal concept that prevents a person or party from reneging on an agreement that has been made. This concept ensures that a person who is subject to an arbitration agreement cannot later deny that the agreement had been made. In Florida, this concept is part of the Florida Arbitration Code, which is the legal basis for how arbitration is conducted. In Florida, estoppel is found in the Florida Arbitration Code under chapter 682. It states that a party is estopped from denying the validity of an arbitration agreement if that party was a signatory to the agreement or benefited from it in some manner. It also states that a person cannot deny that an arbitration was conducted if that person participated in the arbitration. Estoppel in arbitration is important because it ensures that people keep their word and do not change their minds about agreements that have already been made. It is important that parties abide by agreements and agreements are upheld, as this helps strengthen the rule of law and public confidence in the legal system. Without estoppel in arbitration, there could be chaos and confusion as people backed away from the agreements they made. Estoppel in arbitration thus serves an important purpose in society.

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What is estoppel in arbitration?

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