An arbitration agreement is a contract by which the parties undertake to submit a present or future dispute to the decision of one or more arbitrators, to the exclusion of the courts.
2 â¢ LOCATION. Laos is a small landlocked country in Southeast Asia bordering on Thailand, Myanmar (Burma), China, Vietnam, and Cambodia. Laos has an area of about 91,400 square miles (236,800 square kilometers), roughly the size of Idaho.
Laos. n. 1. (Placename) a republic in SE Asia: first united as the kingdom of Lan Xang (million elephants) in 1353, after being a province of the Khmer Empire for about four centuries; made part of French Indochina in 1893 and gained independence in 1949; became a republic in 1975.aos. n. 1. (Placename) a republic in SE Asia: first united as the kingdom of Lan Xang (million elephants) in 1353, after being a province of the Khmer Empire for about four centuries; made part of French Indochina in 1893 and gained independence in 1949; became a republic in 1975.