Arbitration agreement Arbitration agreement — Essential elements of Arbitration agreement —Parties to a contract —Scope of agreement —Declaration of will of the parties —Transfer of competency to solve dispute —Specification of arbitrator —Relation with main contract — — Arbitration agreement — Recommended elements of arbitration agreement — —Number of arbitrators — —Language of arbitration — —Place of arbitration — — Arbitration agreement — Optional elements of arbitration agreement —Instance of appeal —Limitation of duration of the dispute proceedings — — Arbitration agreement —Content conditional on legal order —Disposition with procedural rules —Disposition with possible invalidation of arbitration award —Obligation to satisfy arbitration award voluntary —Choice of substantive law — — Legal effects of Arbitration agreement —Parties to a contract have to go in for arbitration —Disputes arising from the contract are out of jurisdiction of state courthouse —Used rules of procedure are determinated by the arbitration court or by abitration agreement —Disputes can be decided uder rules of equity — Types of arbitration agreement —Arbitration agreement ¡Arbitration agreement Ad Hoc ¡ Institotional arbitration agreement —Agreement on arbitration – amendment of procedural rules —Arbitrator contract – contract between parties and arbitrator —Submission agreement —Arbitration clause May be arbitration agreement concluded in oral form? —From the view of the czech law —From the view of the New York convention on the recognition and enforcement of foreign arbitral awards —From the view of the European convention on international commercial arbitration — —