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The purpose of the Delaware Rapid Arbitration Act is to give Delaware business entities a method by which they may resolve business disputes in a prompt, cost-effective, and efficient manner, through voluntary arbitration conducted by expert arbitrators, and to ensure rapid resolution of those business disputes.

A written agreement to submit to arbitration any controversy existing at or arising after the effective date of the agreement is valid, enforceable and irrevocable, save upon such grounds as exist at law or in equity for the revocation of any contract, without regard to the justiciable character of the controversy, and ...

Delaware's judges are impartial and not beholden to special-interest donors or shifting political winds. Unlike in many other states, Delaware corporate law cases are tried exclusively by professional judges, and not by juries.

The five most preferred seats for arbitration are London, Singapore, Hong Kong, Paris and Geneva. The five most preferred arbitral institutions are the ICC, SIAC, HKIAC, LCIA and CIETAC.

Notwithstanding the foregoing sentence, the seat of an arbitration is the State of Delaware. Unless otherwise provided in an agreement, a party to an arbitration is entitled to be heard, to present evidence relevant to the arbitration, and to cross-examine witnesses appearing at a hearing.

Freedom of contract is a bedrock principle of Delaware law, and Delaware courts will generally enforce contracts voluntarily entered into between sophisticated parties. Delaware law also favors arbitration, which means that contractual arbitration clauses are generally interpreted broadly by Delaware courts.