The Arbitration Agreement outlines the terms under which parties agree to resolve disputes through arbitration rather than court litigation in Washington. It requires both parties to provide a list of claims and to choose an arbitrator or arbitration association for the process. Initiation of arbitration is done via a written notice detailing the dispute and the desired remedy. For claims under a certain dollar amount, arbitration is typically conducted by a single arbitrator selected by the involved parties. The arbitrator's decision is final and binding, with the option for court enforcement. This agreement signifies a waiver of the right to a jury trial, emphasizing the difference in rights and processes compared to traditional court proceedings. It is essential for attorneys, partners, and associates to utilize this form to ensure clarity in dispute resolution strategies, while paralegals and legal assistants can assist in drafting and initiating arbitration actions. Overall, the form serves as a critical tool for effectively managing disputes while adhering to legal guidelines in Washington.