South Dakota Supreme Court July 10, 2002, None (Rossi Fine Jewelers, Inc. v. Gunderson)

KONENKAMP, Justice.

[¶ 1.] In this appeal, we decide whether a contract clause requires compulsory arbitration. The trial court ruled that federal law mandates arbitration. We affirm.

Background

[¶ 2.] Defendant Nature’s 10, Inc., was incorporated in South Dakota in 1995. In 1996, defendant Mylan Ventures, Ltd., a Wyoming corporation, purchased Nature’s 10.