8.01-581.01 - Validity of arbitration agreement.
§ 8.01-581.01. Validity of arbitration agreement.
A written agreement to submit any existing controversy to arbitration or aprovision in a written contract to submit to arbitration any controversythereafter arising between the parties is valid, enforceable and irrevocable,except upon such grounds as exist at law or in equity for the revocation ofany contract. This article also applies to arbitration agreements betweenemployers and employees or between their respective representatives unlessotherwise provided in the agreement; provided, however, that nothing in thischapter shall be construed to create any right to arbitration with respect toany controversy regarding the employment or terms and conditions ofemployment of any officer or employee of the Commonwealth.
(1986, c. 614.)