Submission Agreement Sample For Business In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0010BG
Format:
Word; 
Rich Text
Instant download

Description

The Submission Agreement sample for business in Fairfax is a legal document utilized to formalize the agreement between two parties, a Claimant and a Respondent, to resolve disputes through binding arbitration. This agreement outlines crucial elements such as the selection of an arbitrator, the location of the arbitration, associated fees, and the procedures governing the arbitration process. It ensures clarity regarding the responsibilities of both parties regarding expenses for counsel and witness fees, and defines the rules under which the arbitration will be conducted. Specific use cases for this agreement include scenarios where disputes are either currently in litigation or are preemptively addressed through arbitration to avoid court proceedings. Target audiences such as attorneys, partners, owners, associates, paralegals, and legal assistants will find the document valuable as it provides a structured pathway to resolve conflicts efficiently, ensuring that all parties are aware of their rights and obligations during the arbitration process. The form is designed for ease of filling and editing, allowing users to customize it with case-specific details, thus streamlining the dispute resolution process in a professional manner.
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FAQ

Submission Agreement: The Submission Agreement lists the parties in the arbitration case and confirms that FINRA will administer it. It also establishes that, if the case ends with a hearing, the parties all agree to abide by the arbitrators' decisions.

A submission agreement is a contract between two parties that establishes the use of arbitration to settle any disputes that may arise between them. This type of contract is used when the contract parties have an agreement that does not already provide arbitration as an option for dispute resolution.

A “submission agreement” (also called an “agreement to arbitrate”) is a written agreement between two parties that establishes the use of arbitration to settle a dispute (or any and all disputes) that may arise between them.

We noted that arbitration clauses are made before any dispute arises. Submission agreements, however, are agreements to arbitrate made after the dispute has arisen.

A submission agreement will contain details of the dispute and the issues between the parties, and record that it is being referred to arbitration.

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Submission Agreement Sample For Business In Fairfax