This form is an Arbitration Reference Clause usable to compel arbitration in contracts where licensing, patents, or commercial trade secrets are a factor.
Washington Arbitration Reference Clause is a legal provision often included in contracts to resolve disputes outside the court system using arbitration. This clause outlines the parties' agreement to submit any potential future legal conflicts to arbitration instead of pursuing litigation in the Washington State court system. Arbitration is a private process where a neutral third party, called an arbitrator, reviews the case and makes a binding decision. The Washington Arbitration Reference Clause ensures that the parties involved in a contract voluntarily waive their rights to litigate disputes before a judge or jury. Instead, they agree to have their disagreements settled by an arbitrator or panel of arbitrators. This clause emphasizes the use of arbitration and highlights the commitment of the parties to seek an alternative dispute resolution method. Keywords: Washington Arbitration Reference Clause, legal provision, contracts, resolve disputes, court system, arbitration, litigation, Washington State, private process, neutral third party, arbitrator, binding decision, voluntarily waive rights, litigate disputes, judge, jury, arbitrator or panel of arbitrators, alternative dispute resolution. There aren't specific types of Washington Arbitration Reference Clauses, as the clause itself generally follows a standardized format. However, the specifics of the clause may vary depending on the nature of the contract and the preferences of the parties involved.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
