Is owing of a debt under a contract agreement a dispute to warrant arbitration?
Question by Blake: Is owing of a debt under a contract agreement a dispute to warrant arbitration?
I have a 1 year agreement with a company to offer technical services. The company claimed they ran into financial problems 2 months into the agreement and declared force majeure. Arbitration clause provides for arbitraton in event of dispute. I want to go straight to court to enforce the debt. I am contending that there is no dispute to warrant arbitration. Is this tenable?
Best answer:
Answer by aj485
They declared force majeure and you are saying there is no force majeure……why is that not a dispute?
Unfortunately, if the contract you signed had a binding arbitration clause, unless you signed it under duress, you are probably bound by the clause.
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