514. Separability of an arbitration agreement.

514.     Separability of an arbitration agreement.

Unless otherwise agreed by the parties1, an arbitration agreement2 which forms or was intended to form part of another agreement, whether or not in writing3, is not regarded as invalid, non-existent or ineffective because that other agreement is invalid, or did not come into existence or has become ineffective; and for that purpose it is treated as a distinct agreement4.