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TITLE [Affirmation of Absence of Liability]Supreme Court Decision 2003Da318 Delivered on August 22, 2003 [full Text]
Summary
[1] The standards for determining whether an arbitration clause shall be deemed to be an arbitration agreement [2] In the case of an optional arbitration clause, whether such a clause shall be valid as an arbitration agreement if the other party clearly objects to settlement by arbitration by vigorously contending the non-existence of an arbitration agreement (invalid) [3] The case holding that the Fixed-Price Contract Special Clause entered into the Foreign Funds Goods Supply Contract formed by international bidding does not violate Article 19 of the Act on Contracts to Which the State is a Party (the ""State Contract Act"")
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