Step 1: Understanding the Question.
Section 7 of the Arbitration and Conciliation Act, 1996 deals with the "Arbitration Agreement." It defines an arbitration agreement and lays out the requirements for its validity.
Step 2: Analysis of Options.
- (A) Section 6: This section deals with the power to appoint an arbitrator.
- (B) Section 7: This is the correct answer, as it deals with the arbitration agreement.
- (C) Section 8: This section deals with the power of the Court to refer the parties to arbitration.
- (D) Section 9: This section deals with interim measures by the Court.
Step 3: Conclusion.
Thus, the correct answer is (B) Section 7.