Arbitration Clause Gets Incorporated in Later Contract When Earlier Agreement Is Imported “Body and Soul”: Supreme Court

The Supreme Court has clarified an important legal position under the Arbitration and Conciliation Act, 1996 regarding incorporation of arbitration clauses from earlier agreements into later contracts. The Court held that when a later agreement clearly states that all terms and conditions of an earlier agreement will form part of the new contract, then the arbitration clause contained in the earlier agreement also becomes binding upon the parties. The judgment…