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Arbitration Practice and Procedure

Page 41 2 ARBITRATION AGREEMENT 2.1.1 Reference to arbitration after dispute arises. THE FACTS The dispute arose out of an oral contract to supply reed to a thatching company. The arrangement had subsisted for many years and the parties had never felt the necessity to have a formal dispute clause. However, having now fallen out, they decided that they preferred the speed of resolution by arbitration to the inevitable delay of fighting the action through the courts.

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