In contract law, terms and conditions dictate the relationship that exists between the parties and how issues that arise may be handled (Greenberg, 2001). Whereas there are express provisions that arbitration is the way of solving issues, courts tend to favor enforceability of the clauses. The contract between Osborne Development Corp and Thomas Baker and others expressly states that by signing the documents, they would be bound by the terms stipulated. One of the terms was the provision for arbitration processes.
Statutory, arbitration clause in courts are enforceable. The Federal Arbitration Act provides that arbitration clauses in contracts ...