ROGERS, J., delivered the opinion of the court, in which COFFMAN, D.J., joined. CLAY, J. (pp. 614-15), delivered a separate dissenting opinion. .
OPINION
ROGERS, Circuit Judge.
Noble International Ltd. (“Noble”) asserted a breach of contract claim against Bratt Enterprises, Inc. (“Bratt”) in connection with Noble’s purchase of Bratt’s steel processing business. The district court ordered the parties to arbitrate “any [611]*611and all disputes related to” the claim based upon an arbitration provision contained in the parties’ agreement. We conclude that the district court erred by compelling the arbitration of an issue that the parties had not agreed to arbitrate.
FACTS
On September 30, 1998, Bratt1 sold its steel processing business to Noble2 under an asset purchase agreement. Noble agreed to purchase most of the business’s assets and agreed to assume most of the business’s liabilities, including its accounts payable. One provision of the agreement, however, provided that Bratt would retain all accounts payable in excess of $1.2 million, effectively capping Noble’s liability for the accounts payable.
This assumption of liability was only one portion of the purchase price, which included other forms of consideration. Given the fluid values associated with some elements of the purchase price, including the business’s accounts payable, the parties agreed to a post-closing adjustment of the purchase price, so that the price would more accurately reflect closing-day values. Under the parties’ agreed method of adjustment, the elements would be valued as of the closing day, with the valuations being reflected on a balance sheet, and adjustments would be made based on the balance sheet values. The agreement also provided that, in the event a dispute arose with regard to any amount reflected on the balance sheet, the parties would arbitrate the dispute.3
[612]*612After Noble submitted the closing balance sheet, along with its proposed adjustments, numerous disputes arose between Noble and Bratt. Unable to resolve these disputes, Bratt filed a complaint in the district court below. Noble filed its answer and a four-count counter-claim. The parties have settled all disputes between them except the first count of Noble’s counterclaim, which is the focus of this appeal.
The first count of Noble’s counterclaim asserted a breach of contract claim in which Noble sought to recover the difference between the accounts payable balance, over $1.8 million as reflected on the closing balance sheet, and the $1.2 million limit of its liability. Noble simultaneously moved the district court to compel arbitration of this claim. Bratt opposed submitting this counterclaim to arbitration. Bratt argued that the $1.2 million cap was a result of a mutual mistake and that the contract should accordingly be reformed before any disputes regarding the account amounts could be submitted to arbitration. The district court granted Noble’s motion to compel arbitration, concluding that the claim “relate[d] to adjustments to the Closing Balance Sheet.” In accordance with the lower court’s order, the parties proceeded to arbitrate, and the arbitrator ruled in Noble’s favor on the breach of contract claim. Bratt then filed a motion for reconsideration of the order compelling arbitration, which the district court denied. The district court then entered a judgment reflecting the arbitrator’s decision. Bratt now appeals, asserting that the district court erred by compelling arbitration of all disputes related to Noble’s breach of contract claim.
STANDARD OF REVIEW
We review de novo a district court’s decision to compel arbitration under the Federal Arbitration Act. Javitch v. First Union Sec., Inc., 315 F.3d 619, 624 (6th Cir.2003).
ANALYSIS
“Before compelling an unwilling party to arbitrate, [a] court must engage in a limited review to determine whether the dispute is arbitrable; meaning that a valid agreement to arbitrate exists between the parties and that the specific dispute falls within the substantive scope of that agreement.” Javitch, 315 F.3d at 624 (6th Cir. 2003) (citing AT & TTechs. v. Communications Workers of Am., 475 U.S. 643, 649, 106 S.Ct. 1415, 89 L.Ed.2d 648 (1986)). The district court properly concluded that a valid agreement to arbitrate existed between Bratt and Noble, but erred in concluding that all aspects of Noble’s breach of contract claim fell within the scope of that agreement.
The duty to arbitrate a dispute derives from the parties’ agreement and a party cannot be required to submit to arbitration any dispute that the party has not agreed to so submit. Roney & Co. v. Kassab, 981 F.2d 894, 897 (6th Cir.1992) (citing Volt Info. Scis., Inc. v. Bd. of Trs. of the Leland Stanford Junior Univ., 489 U.S. 468, 478, 109 S.Ct. 1248, 103 L.Ed.2d 488 (1989); AT & T Techs., 475 U.S. at 648-49, 106 S.Ct. 1415; Wiepking v. Prudential-Bache Sec., Inc., 940 F.2d 996, 998 (6th Cir.1991)). The parties’ agreement to arbitrate in this case reads, in pertinent part:
[Bratt] will notify [Noble] as to whether it disagrees with any of the amounts included in the Closing Balance Sheet. ... If the parties are unable to resolve their differences within 60 days of their receipt of the Closing Balance Sheet, [Noble] and [Bratt] agree to retain a national accounting firm ... to arbitrate the dispute and render a decision within [613]*61330 days of such retention, which decision will be final and binding for all purposes.
Asset Purchase Agreement, J.A. at 160-61 (emphasis added). The plain language of this section demonstrates that the parties agreed to submit disagreements regarding “any of the amounts included in the Closing Balance Sheet” to arbitration, as that phrase is the only referent to which “the dispute” could apply. Based upon this language, the district court ordered the parties to arbitrate “any and all disputes related to Counterclaim[ ]I.”
That order, however, goes beyond the extent of the disputes that the parties agreed to submit to arbitration. It is true that the parties disagreed about the valuation of accounts payable on the closing balance sheet. The district court correctly compelled the arbitration of that issue, which was resolved through arbitration. As determined by the arbitrator, the closing-day value of the accounts receivables was $1,826,694, or $632,238 in excess of the $1.2 million limit. This value, pursuant to the parties’ agreement, is final and binding upon Bratt and Noble for all purposes.
The valuation dispute, however, is only one dispute involved in Noble’s breach of contract claim. The other dispute revolves around the validity of the $1.2 million limitation provision.
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ROGERS, J., delivered the opinion of the court, in which COFFMAN, D.J., joined. CLAY, J. (pp. 614-15), delivered a separate dissenting opinion. .
OPINION
ROGERS, Circuit Judge.
Noble International Ltd. (“Noble”) asserted a breach of contract claim against Bratt Enterprises, Inc. (“Bratt”) in connection with Noble’s purchase of Bratt’s steel processing business. The district court ordered the parties to arbitrate “any [611]*611and all disputes related to” the claim based upon an arbitration provision contained in the parties’ agreement. We conclude that the district court erred by compelling the arbitration of an issue that the parties had not agreed to arbitrate.
FACTS
On September 30, 1998, Bratt1 sold its steel processing business to Noble2 under an asset purchase agreement. Noble agreed to purchase most of the business’s assets and agreed to assume most of the business’s liabilities, including its accounts payable. One provision of the agreement, however, provided that Bratt would retain all accounts payable in excess of $1.2 million, effectively capping Noble’s liability for the accounts payable.
This assumption of liability was only one portion of the purchase price, which included other forms of consideration. Given the fluid values associated with some elements of the purchase price, including the business’s accounts payable, the parties agreed to a post-closing adjustment of the purchase price, so that the price would more accurately reflect closing-day values. Under the parties’ agreed method of adjustment, the elements would be valued as of the closing day, with the valuations being reflected on a balance sheet, and adjustments would be made based on the balance sheet values. The agreement also provided that, in the event a dispute arose with regard to any amount reflected on the balance sheet, the parties would arbitrate the dispute.3
[612]*612After Noble submitted the closing balance sheet, along with its proposed adjustments, numerous disputes arose between Noble and Bratt. Unable to resolve these disputes, Bratt filed a complaint in the district court below. Noble filed its answer and a four-count counter-claim. The parties have settled all disputes between them except the first count of Noble’s counterclaim, which is the focus of this appeal.
The first count of Noble’s counterclaim asserted a breach of contract claim in which Noble sought to recover the difference between the accounts payable balance, over $1.8 million as reflected on the closing balance sheet, and the $1.2 million limit of its liability. Noble simultaneously moved the district court to compel arbitration of this claim. Bratt opposed submitting this counterclaim to arbitration. Bratt argued that the $1.2 million cap was a result of a mutual mistake and that the contract should accordingly be reformed before any disputes regarding the account amounts could be submitted to arbitration. The district court granted Noble’s motion to compel arbitration, concluding that the claim “relate[d] to adjustments to the Closing Balance Sheet.” In accordance with the lower court’s order, the parties proceeded to arbitrate, and the arbitrator ruled in Noble’s favor on the breach of contract claim. Bratt then filed a motion for reconsideration of the order compelling arbitration, which the district court denied. The district court then entered a judgment reflecting the arbitrator’s decision. Bratt now appeals, asserting that the district court erred by compelling arbitration of all disputes related to Noble’s breach of contract claim.
STANDARD OF REVIEW
We review de novo a district court’s decision to compel arbitration under the Federal Arbitration Act. Javitch v. First Union Sec., Inc., 315 F.3d 619, 624 (6th Cir.2003).
ANALYSIS
“Before compelling an unwilling party to arbitrate, [a] court must engage in a limited review to determine whether the dispute is arbitrable; meaning that a valid agreement to arbitrate exists between the parties and that the specific dispute falls within the substantive scope of that agreement.” Javitch, 315 F.3d at 624 (6th Cir. 2003) (citing AT & TTechs. v. Communications Workers of Am., 475 U.S. 643, 649, 106 S.Ct. 1415, 89 L.Ed.2d 648 (1986)). The district court properly concluded that a valid agreement to arbitrate existed between Bratt and Noble, but erred in concluding that all aspects of Noble’s breach of contract claim fell within the scope of that agreement.
The duty to arbitrate a dispute derives from the parties’ agreement and a party cannot be required to submit to arbitration any dispute that the party has not agreed to so submit. Roney & Co. v. Kassab, 981 F.2d 894, 897 (6th Cir.1992) (citing Volt Info. Scis., Inc. v. Bd. of Trs. of the Leland Stanford Junior Univ., 489 U.S. 468, 478, 109 S.Ct. 1248, 103 L.Ed.2d 488 (1989); AT & T Techs., 475 U.S. at 648-49, 106 S.Ct. 1415; Wiepking v. Prudential-Bache Sec., Inc., 940 F.2d 996, 998 (6th Cir.1991)). The parties’ agreement to arbitrate in this case reads, in pertinent part:
[Bratt] will notify [Noble] as to whether it disagrees with any of the amounts included in the Closing Balance Sheet. ... If the parties are unable to resolve their differences within 60 days of their receipt of the Closing Balance Sheet, [Noble] and [Bratt] agree to retain a national accounting firm ... to arbitrate the dispute and render a decision within [613]*61330 days of such retention, which decision will be final and binding for all purposes.
Asset Purchase Agreement, J.A. at 160-61 (emphasis added). The plain language of this section demonstrates that the parties agreed to submit disagreements regarding “any of the amounts included in the Closing Balance Sheet” to arbitration, as that phrase is the only referent to which “the dispute” could apply. Based upon this language, the district court ordered the parties to arbitrate “any and all disputes related to Counterclaim[ ]I.”
That order, however, goes beyond the extent of the disputes that the parties agreed to submit to arbitration. It is true that the parties disagreed about the valuation of accounts payable on the closing balance sheet. The district court correctly compelled the arbitration of that issue, which was resolved through arbitration. As determined by the arbitrator, the closing-day value of the accounts receivables was $1,826,694, or $632,238 in excess of the $1.2 million limit. This value, pursuant to the parties’ agreement, is final and binding upon Bratt and Noble for all purposes.
The valuation dispute, however, is only one dispute involved in Noble’s breach of contract claim. The other dispute revolves around the validity of the $1.2 million limitation provision. Noble contends that the limitation provision was agreed upon by the parties and that it is entitled to recover based upon Bratt’s breach of that provision. Bratt, however, contends that the parties agreed upon the $1.2 million liability limit based upon a common or mutual mistake. While Noble’s claim would obviously require reference to the closing balance sheet to determine matters of valuation should Noble prevail on this issue, the dispute regarding the validity of the limitation provision does not itself involve a “disagree[ment] with any of the amounts included in the Closing Balance Sheet.” Rather, it involves a determination of whether the parties’ intent regarding Bratt’s retained liabilities was based upon the parties’ sharing a misunderstanding about an essential term of their agreement. Thus, this aspect of Noble’s breach of contract claim is not within the scope of the arbitration clause and is, therefore, not arbitrable.
We recognize that “in applying general state-law principles of contract interpretation to the interpretation of an arbitration agreement ... due regard must be given to the federal policy favoring arbitration, and ambiguities as to the scope of the arbitration clause itself resolved in favor of arbitration.” Volt Info. Scis., Inc., 489 U.S. at 475-76, 109 S.Ct. 1248 (citations omitted). Here, however, there is no ambiguity regarding the scope of the arbitration agreement. The parties only agreed to arbitrate disagreements about the amounts reflected on the closing balance sheet. Congress’s preeminent concern in enacting the FAA—the enforcement of private agreements to arbitrate as entered into by the parties—requires that the parties only be compelled to arbitrate matters within the scope of their agreement, and this is so even when the result may be piecemeal litigation. See Dean Witter Reynolds, Inc. v.Byrd, 470 U.S. 213, 221, 105 S.Ct. 1238, 84 L.Ed.2d 158 (1985). The federal policy that favors arbitration is not so broad that it compels the arbitration of issues beyond those agreed to by the parties.
CONCLUSION
For the foregoing reasons, we REVERSE the district court’s order compelling arbitration of the mutual mistake issue, VACATE the entry of judgment with respect to the first count of Noble’s counterclaim, and REMAND the case to the [614]*614district court for further proceedings consistent with this opinion.