A provision in a written contract to settle by arbitration a controversy that may arise therefrom or a refusal to perform the whole or a part thereof or a written agreement to submit, pursuant to section 2A:24-2 of this title, any existing controversy to arbitration, whether the controversy arise out of contract or otherwise, shall be valid, enforceable and irrevocable, except upon such grounds as exist at law or in equity for the revocation of a contract.
N.J. Stat. Ann. § 2A:24-1
Arbitration provisions; validity and effect
Applied in 3 court decisions — leading case Consolidated Express, Inc. v. New York Shipping Ass'n (1979)
Most recently applied in 433 So. 2d 1158 - Ex Parte Alabama Oxygen Co., Inc. (May 1983)
L.1951 (1st SS), c.344.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.