ARBITRATION ACT - 1961 (ACT 38)

Section - 5 - Arbitration Agreement

(1) An arbitration agreement is a contract in writing to refer present or future differences to arbitration, whether an arbitrator is named in the contract or not.

(2) An arbitration agreement may relate to any issue arising between the parties to it which is capable of being the subject of a civil action but an arbitrator is not entitled to make an award in the nature of a judgment in rem, that is, a decision affecting the status of a person or thing or determining any interest in property except as between the parties themselves.