Sec. 50a-107. Definition and form of arbitration agreement.
Sec. 50a-107. Definition and form of arbitration agreement. (1) An "arbitration
agreement" is an agreement by the parties to submit to arbitration all or certain disputes
which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not. An arbitration agreement may be in the form of an
arbitration clause in a contract or in the form of a separate agreement.
(2) The arbitration agreement shall be in writing. An agreement is in writing if it is
contained in a document signed by the parties or in an exchange of letters, telex, telegrams or other means of telecommunication which provide a record of the agreement,
or in an exchange of statements of claim and defense in which the existence of an
agreement is alleged by one party and not denied by another. The reference in a contract
to a document containing an arbitration clause constitutes an arbitration agreement provided that the contract is in writing and the reference is such as to make that clause part
of the contract.
(P.A. 89-179, S. 7.)