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The Vermont Statutes Online

 

Title 12 : Court Procedure

Chapter 192 : ARBITRATION ACT

Subchapter 001 : General Provisions

(Cite as: 12 V.S.A. § 5652)
  • § 5652. Validity of arbitration agreements

    (a) General rule. Unless otherwise provided in the agreement, a written agreement to submit any existing controversy to arbitration or a provision in a written contract to submit to arbitration any controversy thereafter arising between the parties creates a duty to arbitrate, and is valid, enforceable, and irrevocable, except upon such grounds as exist for the revocation of a contract.

    (b) Required provision. No agreement to arbitrate is enforceable unless accompanied by or containing a written acknowledgment of arbitration signed by each of the parties or their representatives. When contained in the same document as the agreement to arbitrate, that acknowledgment shall be displayed prominently. The acknowledgment shall provide substantially as follows:

    "ACKNOWLEDGMENT OF ARBITRATION.

    I understand that (this agreement y agreement with           of   ) contains an agreement to arbitrate. After signing (this/that) document, I understand that I will not be able to bring a lawsuit concerning any dispute that may arise which is covered by the arbitration agreement, unless it involves a question of constitutional or civil rights. Instead, I agree to submit any such dispute to an impartial arbitrator."  (Added 1985, No. 95, § 2.)