What does Federal Arbitration Act mean? Read on to discover the definition & meaning of the term Federal Arbitration Act - to help you better understand the language used in insurance policies.
Federal Arbitration Act
A statute enacted in 1925 by Congress that facilitates private dispute resolution through arbitration. The FAA has been construed to apply to all contracts involving interstate commerce in both federal and state courts and regulates the enforceability of agreements to arbitrate.
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