What is the effect of the statute of frauds on a securities arbitration award?
The Statute of Frauds is an important law when it comes to securities arbitration awards in Oregon. This law states that certain types of contracts must be in writing in order for them to be legally enforceable. This law applies to security arbitration awards in Oregon in the same way that it applies to other contracts. The effect of the Statute of Frauds is that it requires any security arbitration award that is not in writing to be unenforceable in court. This means that if someone is awarded a security arbitration award and it is not put into writing, then they cannot take any legal action against the party who was ordered to pay them the award. They will not be able to get a court to order the other party to pay them the award. It is extremely important to make sure that all security arbitration awards are written and properly documented. This ensures that, should the other party fail to pay the award as ordered, the arbitrator can take legal action in order to enforce the award, and the award recipient can be sure that they will receive what they are due.
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