The expression 'Arbitration agreement' under section 7 of Arbitration and Conciliation Act, 1996 means
A. Any agreement which have arisen under the Arbitration Act of 1940
B. Any agreement to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, contractual or not
C. Any agreement to submit to arbitration certain disputes of civil nature
D. Any agreement to submit to arbitration certain disputes of criminal nature
Answer: Option B

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