ARBITRATION IN BUSINESS CONTRACTS

Abstract

Arbitration is an alternative form of dispute resolution that has been used since antiquity as a means of resolving disputes. Throughout history, the practice of arbitration has evolved and adapted to the needs of society, consolidating itself as an efficient and reliable mechanism for resolving disputes. Arbitration in business contracts has proven to be an increasingly advantageous option for companies, providing fast and specialized solutions, with guarantees of confidentiality and flexibility. Thus, this study will analyze the application of arbitration in business contracts, bringing its concept, historical notions and application in the legal system. To achieve the objective, the bibliographic research method will be used, with research in doctrines, specialized articles and legislation, with emphasis on Law n.º 9.307/1996 (Arbitration Law). Finally, as a result, it is expected to demonstrate the importance of arbitration in contracts in general, especially in private and public business contracts, aiming at speeding up conflict resolutions.