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(a) Unless otherwise provided in an agreement, an arbitrator shall appoint a time and place for a hearing or an adjourned hearing, either of which may be held within or without the State and within or without the United States. Notwithstanding the foregoing sentence, the seat of an arbitration is the State of Delaware.

A written agreement to submit to arbitration any controversy existing at or arising after the effective date of the agreement is valid, enforceable and irrevocable, save upon such grounds as exist at law or in equity for the revocation of any contract, without regard to the justiciable character of the controversy, and ...

If arbitration is selected, the arbitrator's decision shall be final and binding on all parties and the arbitrator's fees shall be borne equally by the parties. The arbitrator shall have no power to add to or subtract from the provisions of this Agreement.

The purpose of the Delaware Rapid Arbitration Act is to give Delaware business entities a method by which they may resolve business disputes in a prompt, cost-effective, and efficient manner, through voluntary arbitration conducted by expert arbitrators, and to ensure rapid resolution of those business disputes.

Simply put, the arbitration clause requires that the two parties to an agreement will go through arbitration rather than either party initiating a lawsuit if a dispute arises.

When there is an arbitration clause in the contract, that usually means you will not be able to sue but instead must resolve your disagreement before an arbitrator. The Federal Arbitration Act (FAA) has largely preempted state law to ensure arbitration agreements are enforced in almost all cases.

Freedom of contract is a bedrock principle of Delaware law, and Delaware courts will generally enforce contracts voluntarily entered into between sophisticated parties. Delaware law also favors arbitration, which means that contractual arbitration clauses are generally interpreted broadly by Delaware courts.

An arbitration clause is a section in a contract that designates whether contract disputes must be settled through arbitration or in court. They are valuable tools for simplifying customer disputes and saving time and effort on legal matters.

Plaintiff shall file the Notice of Selection of Arbitrator form. This form will provide notice to the Court and others to proceed with scheduling the arbitration. Also, it will provide notice to File and Serve of the selected arbitrator in each case.