Invalidates certain arbitration agreements.

This bill invalidates certain arbitration agreements between consumers and businesses. It specifically blocks enforcement of arbitration clauses when a business or consumer tries to use them for disputes unrelated to the original contract terms. The law states such agreements are unenforceable if the dispute would fail under standard contract law defenses (like fraud or illegality). This applies to all new or renewed agreements after the bill takes effect, directly affecting consumers and businesses in New Jersey contractual relationships.