Arbitration In Dispute Resolution In Maryland
Category:
State:
Multi-State
Control #:
US-00416-2
Format:
Word;
Rich Text
Instant download
Description
This Arbitration Agreement offers a framework for resolving disputes through binding arbitration instead of litigation in Maryland. It outlines the process for initiating arbitration, including the requirement for a written Notice that describes the claim and requested remedy. Parties have the option to select a single independent arbitrator or allow an arbitration association to do so if claims are under a specified dollar amount. The arbitrator’s decision is final and binding, and it may include dismissals or summary judgments if appropriate. Users of this form include attorneys, partners, owners, associates, paralegals, and legal assistants who seek an efficient alternative to court. The form emphasizes the waiver of the right to a jury trial and ensures that arbitration procedures may vary from judicial processes. It is important for users to carefully fill out the Agreement, specifying claims, monetary thresholds, and other relevant details. Overall, this document serves as a valuable tool for legal professionals navigating dispute resolution in Maryland.
