The Arbitration Submission Agreement serves as a formal contract between parties in Fairfax who agree to resolve disputes through binding arbitration. It begins by identifying the claimant and respondent, establishing the context of the dispute, whether in litigation or not. Key features of the form include appointment of an arbitrator, location details for arbitration, fee structures, and procedural rules governing the hearing. Users can fill in specific information such as names, addresses, and costs associated with arbitration. The form outlines rights regarding representation, evidence presentation, and party obligations. This agreement is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to dispute resolution outside traditional litigation. It allows parties to settle disputes efficiently while maintaining control over the process. Furthermore, its clear guidelines on costs and procedures enhance the users' understanding of potential liabilities and responsibilities related to arbitration.