(1) The following terms shall have the meaning stated below, except where the context clearly indicates otherwise:
(a) Arbitration.— Means any arbitration whether or not administered by a permanent arbitral institution.
(b) Arbitration agreement.— Means an agreement by the parties to submit to arbitration all or certain disputes which may arise between them in respect to a defined legal relationship, whether contractual or not.
(c) Arbitral tribunal.— Means a sole arbitrator or a panel of arbitrators.
(d) Court.— Means the Court of First Instance of Puerto Rico.
(2) Where a provision of this chapter, except § 3247 of this title, leaves the parties free to determine a certain issue, such freedom includes the right of the parties to authorize a third party, including an institution, to make that determination.
(3) Where a provision of this chapter refers to the fact that the parties have agreed or that they may agree, or in any other way refers to an agreement of the parties, such agreement shall include any arbitration rules referred to in that agreement.
(4) Where a provision of this chapter, other than subsection (a) of § 3246g of this title and subsection (a)(2) of § 3247d of this title, refers to a claim, it also applies to a counterclaim, and where it refers to a defense, it also applies to a defense to that counterclaim.
History —Jan. 5, 2012, No. 10, § 1.03.