Tennessee River Pulp & Paper Co. v. Eichleay Corp.

OPINION

BROCK, Justice.

The issue to be addressed is whether a contractual provision to arbitrate future disputes is revocable at will, in accordance with Tennessee common law, or whether it is irrevocable by virtue of the U. S. Arbitration Act, 9 U.S.C. § 1 et seq. (hereinafter the Act).

On July 13, 1977, Eichleay Corporation and Tennessee River Pulp & Paper Company, hereinafter, called Tennessee River, entered into a contract whereby Eichleay, as general contractor, agreed to expand the production facilities of Tennessee River’s plant located in Counce, Tennessee. The contract price was…