Published on 05 May 2011 • Brazil |
"An arbitration clause is an agreement by which the parties to a contract undertake to submit to arbitration the disputes which may arise with respect to that contract.(1) The arbitration clause shall be in writing and it can be inserted in the main contract or in a document to which it refers.(2) In adhesion contracts, the arbitration clause will only be valid if the adherent party takes the initiative to commence the arbitration proceedings or expressly consents to it as long as it is in writing in an attached document or in bold font, with a signature or endorsement made specially for this clause."