Illinois Compiled Statutes 765 ILCS 67/55 – Circumstances voiding mandatory arbitration provisions
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Terms Used In Illinois Compiled Statutes 765 ILCS 67/55
- Contract: A legal written agreement that becomes binding when signed.
A mandatory arbitration provision of an installment sales contract that is oppressive, unfair, unconscionable, or substantially in derogation of the rights of either party is void.