Agreement To Arbitrate Sample

State:
Multi-State
Control #:
US-0009BG
Format:
Word; 
Rich Text
Instant download

Description

The Agreement to Arbitrate sample outlines the terms under which parties may submit disputes to arbitration through ArbiClaims, providing a framework for resolving legal conflicts outside of court. Key features include the submission of disputes to a designated arbitrator, the governing rules of the American Arbitration Association, and stipulations for entering judgments based on arbitration awards. Important instructions for filling out the form include clearly specifying the dispute and providing necessary contact information for all parties involved. This agreement is particularly useful for attorneys, partners, and associates who wish to streamline dispute resolution for their clients while ensuring compliance with legal standards. Paralegals and legal assistants can assist in preparing the document, ensuring all parties' signatures are collected, and that the form is according to the specified laws of the relevant state. The agreement emphasizes the confidentiality of proceedings and sets clear expectations about the arbitration process, making it an effective tool for legal professionals in managing disputes efficiently.
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FAQ

The place of the arbitration shall be city, state, and state law shall apply. We further agree that we will faithfully observe this agreement and the rules, that we will abide by and perform any award rendered by the arbitrator(s), and that a judgment of any court having jurisdiction may be entered on the award.

An arbitration agreement is a legally binding contract that offers an alternate dispute resolution between two parties or more. Arbiration agreements provide an alternative to civil court litigation. Parties sign an arbitration agreement and enter into a process known as arbitration if a dispute arises.

Drafting effective arbitration agreementsClearly impose an obligation to arbitrate disputes (taking particular care when drafting hybrid provisions, see Hybrid clauses).Clearly define the disputes to be arbitrated.Specify the governing law of the arbitration agreement.Specify the seat of arbitration.More items...

An example of an arbitration would be when two people who are divorcing cannot agree on terms and allow a third party to come in to help them negotiate. A set of rules for allocating machine resources, such as memory or peripheral devices, to more than one user or program.

A mandatory arbitration agreement should identify the rules, procedures, and evidentiary guidelines to be applied. Many agreements opt for a particular forum's rules and procedures. If there are any rules that the parties want to opt out of (e.g., a limitation on discovery), state as much in the arbitration agreement.

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Agreement To Arbitrate Sample