The agreement also contains the following arbitration clause: 21. ARBITRATION. In this case included PRA's and its agent's rights to enforce the arbitration provision in the original cardholder agreement.Our original ClauseBuilder online tool assists individuals and organizations in developing clear and effective arbitration and mediation agreements. As to waiver, the trial court found PHS knew of the existence of the arbitration provision, failed to assert any right to arbitration in their. Written contracts may contain an arbitration clause. By using such a clause, the parties agree to arbitrate any future disputes. This Standard Document can be adapted for a specific project, for.