Opinion ID: 2523992
Heading Depth: 1
Heading Rank: 5

Heading: Public Policy Supporting Arbitration

Text: As noted above, this case also implicates the Illinois public policy supporting arbitration as a means for resolving disputes. This court has noted that arbitration promotes the economical and efficient resolution of disputes. Donaldson, Lufkin & Jenrette Futures, Inc. v. Barr, 124 Ill.2d 435, 442, 125 Ill.Dec. 281, 530 N.E.2d 439 (1988); see also Reed, 188 Ill.2d at 173, 242 Ill.Dec. 97, 720 N.E.2d 1052. In general, the legislature has expressed its approval of arbitration through adoption of the Uniform Arbitration Act (710 ILCS 5/1 et seq. (West 2006)), which provides, inter alia, that an arbitration agreement is valid, enforceable and irrevocable save upon such grounds as exist for the revocation of any contract, with limited exceptions not relevant here. 710 ILCS 5/1 (West 2006). Thus, public policy in Illinois favors arbitration.