(a) For the purposes of this Article:
(1) "Arbitral award" means any decision of an arbitral tribunal on the substance of a dispute submitted to it, and includes an interlocutory, or partial award;
(2) "Arbitral tribunal" means a sole arbitrator or a panel of arbitrators;
(3) "Arbitration" means any arbitration whether or not administered by a permanent arbitral institution;
(4) "Party" means a party to an arbitration agreement;
(5) "Superior court" means the superior court of any county in this State selected pursuant to G.S. 1-567.36.
(b) Where a provision of this Article, except G.S. 1-567.58, leaves the parties free to determine a certain issue, such freedom includes the right of the parties to authorize a third party, including an institution, to make that determination.
(c) Where a provision of this Article refers to the fact that the parties have agreed or that they may agree or in any other way refers to an agreement of the parties, such agreement includes any arbitration rules referred to in that agreement.
(d) Where a provision of this Article, other than in G.S. 1-567.55(1) and G.S. 1-567.62(b)(1), refers to a claim, it also applies to a counterclaim, and where it refers to a defense, it also applies to a defense to such counterclaim. (1991, c. 292.)
Last modified: March 23, 2014