Arbitration Case Statement With Or In Washington
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A business contract, lease or other written contract may contain an arbitration clause. By using such a clause, the parties to the contract agree to arbitrate any future disputes. As with any clause, all parties must agree to it's use in the contract before the contract is signed.
Arbitration is a fairer, faster, and less expensive way to resolve disputes than time-consuming and expensive litigation.
The statement to the Arbitration Committee is the only opportunity you have to make your case for the credit you are seeking. Much like the opening statement in a trial, your arbitration statement should lay out what the “evidence” – the written material – will show regarding the proper credit on the project.
Parties involved in arbitration are effectively opting out of the court system and submitting their dispute for resolution by a neutral, third party arbitrator. Arbitration is generally faster, less expensive and more informal than going to court. It also has the advantage of being private and confidential.
They may name the arbitrator who will hear the matter and identify which party bears the costs of arbitration. They also agree that the outcome of the arbitration is binding. This means parties must go to arbitration, they cannot request a trial.
If possible, avoid the use of technical jargon or "shop talk." Remember that the arbitrator may not know the details of your work or the Postal Service. However, if you must use "shop talk" to clarify a point, be sure to briefly define what you mean.
Parties will need to provide material evidence during the arbitration process. Some arbitrators may require that some types of evidence (such as invoices, pictures, and party correspondence) be presented in a specific format, such as in a binder and labeled in a certain order.
No claim exceeds the jurisdictional limit of $100,000, exclusive of attorney's fees, interest, or costs.
Parties will need to provide material evidence during the arbitration process. Some arbitrators may require that some types of evidence (such as invoices, pictures, and party correspondence) be presented in a specific format, such as in a binder and labeled in a certain order.
Washington law specifically provides that an operating agreement that contains an arbitration agreement will bind both the LLC and its members. Therefore, both BIG and TREG were bound by the arbitration agreement in place between the parties here.