§ 95-36.8. Enforcement of arbitration agreement and award. - North Carolina Statutes

§95‑36.8.  Enforcement of arbitration agreement and award.

 (a) Written agreements toarbitrate labor disputes, including but not restricted to controversiesrelating to wages, hours and other conditions of employment, shall be valid,enforceable and irrevocable, except upon such grounds as exist in law or equityfor the rescission or revocation of any contract, in either of the followingcases:

(1)        Where there is aprovision in a collective bargaining agreement or any other contract, hereaftermade or extended, for the settlement by arbitration of a controversy orcontroversies thereafter arising between the parties;

(2)        Where there is anagreement to submit to arbitration a controversy or controversies alreadyexisting between the parties.

 (b) Any arbitration award,made pursuant to an agreement of the  parties described in subsection (a) ofthis section and in accordance  with this Article, shall be final and bindingupon the parties to the  arbitration proceedings. (1945, c. 1045, s. 5; 1947,c. 379, ss. 1‑3;  1951, c. 1103, s. 1.)