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" ... First, the Court rejected the plaintiffs' claim that the arbitration agreements were not enforceable against them because Artex, et al., had allegedly breached its fiduciary duties in not explaining the arbitration clause to the plaintiffs, and that the agreements had already terminated. The Court basically held that the plaintiffs were "big boys", i.e., sophisticated parties who should have understood the import of the arbitration clauses themselves, and Arizona law imposed no duty upon Artex, et al., to explain the clauses to the plaintiffs. This is sort of a different way of saying caveat emptor, or caveat emptor tectumque tributum (buyer beware the tax shelter) if you prefer. ... "