CEVAP:

clause.” A valid arbitration agreement is subject to the following four requirements:

- The arbitration agreement must meet the requirements as to its form provided by the relevant law.

- The arbitration agreement must clearly indicate the parties’ consent to submit to arbitration certain disputes which have arisen or which may arise between them in respect of a defined legal relationship.

- It is required that the subject matter of the dispute can be validly submitted to arbitration.

- The parties to an arbitration agreement must have capacity to enter into an arbitration agreement on their own behalf; and/or the parties must be capable of entering into an arbitration agreement in the name and on behalf of another person or entity.