Submission Agreement Sample With Collateral In Nassau

• Category: Arbitration and Mediation - Arbitration
• State: Multi-State
• County: Nassau
• Control #: US-0010BG
• Format: Word; Rich Text

Description

The Arbitration Submission Agreement is a legal document that formalizes the agreement to resolve disputes through binding arbitration rather than litigation, specifically in Nassau. This agreement defines the parties involved, including the Claimant and Respondent, and outlines the arbitration process including the selection of the arbitrator, location of the hearing, and associated fees. The document emphasizes that fees and expenses will be equally shared by both parties, although each party is responsible for their own legal representation costs. Key features include the appointment of an arbitrator, the rules governing the arbitration process, and the timeline for issuing a written award. Attorneys, partners, and legal assistants can use this form to streamline dispute resolution while ensuring all necessary procedures are clearly established. The form is particularly useful for parties looking to avoid lengthy court trials by opting for a more efficient arbitration setup. Additionally, paralegals and legal assistants can assist in filling out and modifying the agreement to fit specific situations, ensuring compliance with relevant laws and regulations.