Arbitration is gradually gaining a strong footing in the resolution of
disputes arising from corporate contracts within the Nigerian
corporate space. While drafting commercial transactions, parties are
at liberty to decide whether to include an arbitration clause to suffice
as the first method to resort to in the event of a dispute in the course
of executing such a contract. Therefore, taking cognizance of the
influence of arbitration in the Nigerian Corporate Space, this
research in summary establishes the relationship between
arbitration and the contract in which the arbitral agreements are
contained as well as the roles of the court in arbitral processes.
Finally, this study highlights the areas of defects and weakness of
arbitral agreements and makes comprehensive suggestions and
recommendations for the effective practice of arbitration as an ADR
mechanism in Nigeria.