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The United States Arbitration Act (Pub. L. 68–401, 43 Stat. 883, enacted February 12, 1925, codified at 9 U.S.C. ch. 1), more commonly referred to as the Federal Arbitration Act or FAA, is an act of Congress that provides for non-judicial facilitation of private dispute resolution through arbitration.
Arbitration in the United States' most overarching clause is the Federal Arbitration Act (officially the United States Arbitration Act of 1925, commonly referred to as the FAA). The Act stipulates that arbitration in a majority of instances is legal when both parties, either after or prior to the arising of a dispute, agree to the arbitration.
The act was drafted as a model arbitration statute to allow each U.S. state to adopt a uniform law of arbitration, instead of having each state enact a unique arbitration statute. The act was updated by the Uniform Law Commission in the year 2000. [1] The new act, called the "Revised Uniform Arbitration Act" has been adopted by eighteen states. [2]
Arbitration in the United States is governed by the Federal Arbitration Act of 1925 (FAA, codified at 9 U.S.C. 1 et seq.), which requires courts to compel parties who agree to arbitration to participate in binding arbitration, the decision from which is binding upon the parties.
While many states have adopted some version of the Uniform Arbitration Act, the Revised Uniform Arbitration Act, or the Uniform Mediation Act, there are also many laws and regulations that create or mandate various forms of dispute resolution unique or particular to the specific state in which it was enacted. There are multiple rules and laws ...
The 1996 Act only applies to parts of the United Kingdom. [4] In Scotland, the Arbitration (Scotland) Act 2010 [5] provides a modern statutory framework for domestic and international arbitration. In 2024, a Bill to amended the Act was introduced to the Lords, although as of November 2024 it has not progressed beyond second reading. [6]
The main body of law applicable to arbitration is normally contained either in the national Private International Law Act (as is the case in Switzerland) or in a separate law on arbitration (as is the case in England, Republic of Korea and Jordan [25]). In addition to this, a number of national procedural laws may also contain provisions ...
Uniform Condominium Act: 1977, 1980 Uniform Conflict of Laws—Limitations Act: 1982 Uniform Conservation Easement Act: 1981 Uniform Construction Lien Act: 1987 Uniform Consumer Credit Code: 1968, 1974 Uniform Consumer Leases: 2001 Uniform Controlled Substances Act: 1990, 1994 Uniform Correction or Clarification of Defamation Act: 1993 Uniform ...