Effective: October 23, 1991
Latest Legislation: House Bill 221 - 119th General Assembly
An arbitration or conciliation agreement is commercial if it arises out of a relationship of a commercial nature, including any of the following:
(A) A transaction for the supply or exchange of goods or services;
(B) A distribution agreement;
(C) A commercial representation or agency;
(D) An exploitation agreement or concession;
(E) A joint venture or other related form of industrial or business cooperation;
(F) The carriage of goods or passengers by air, sea, rail, or road;
(G) Construction;
(H) Insurance;
(I) Licensing;
(J) Factoring;
(K) Leasing;
(L) Consulting;
(M) Engineering;
(N) Financing;
(O) Banking;
(P) The transfer of data or technology;
(Q) Intellectual or industrial property, including trademarks, patents, copyrights, and software programs;
(R) Professional services.