Investigating the Possibility and Effects of Arbitration Term in the Statute of Commercial Firms

Abstract

Arbitration is carried out based on the parties’ agreement, outside official authorities. As a result, it is carried out faster, at a lower price, and based on the confidence of the both parties in the arbitrator(s). The ways to include arbitration term in the statute of commercial firms include stating in the contract, stating in the statute, and stating in other commercial documents such as articles of partnership and primary corporation agreement.