Submission Agreement Sample With Whereas Clauses In Ohio

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

Description

The Arbitration Submission Agreement is a legal document designed for parties to formally agree to submit their disputes to binding arbitration rather than litigation in Ohio. It includes introductory "whereas" clauses that outline the nature of the dispute, providing context for the agreement. Key features of the form include the selection of an arbitrator, details regarding the arbitration location, fee structures, and the rules governing the arbitration process. Users must fill in details such as names, addresses, and specific dates, ensuring all parties understand their responsibilities and rights. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it facilitates a structured approach to dispute resolution, saving time and resources compared to court proceedings. The clear language and organized sections aid users in both filling out and comprehending the document, making it accessible for individuals with varying levels of legal experience. Furthermore, the agreement emphasizes finality and binding decisions, which are critical for maintaining the integrity of the arbitration process.
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FAQ

The contract might start with a Whereas clause like this: 'Whereas, the parties wish to collaborate in the development of new technology...'. This Whereas clause is setting out the purpose of the contract: to set up a partnership for developing technology.

Definition: A whereas clause is a statement in a legal document that provides background information or context for the main purpose of the document. It is often used in preambles or recitals to explain the reasons or motivations behind the document's creation.

'Whereas' is often used in legal documents and proclamations it means 'that being the case' or 'in view of the fact'.

“Whereas” clauses should be used to explain why the resolution is necessary, and should also provide some background on the issue that the resolution takes a stand on.

Rule 1.110(303.3) 'Whereas' clause of contract is prefatory, not binding.

1 Use plain language. 2 Define key terms. 3 Structure your clauses logically. 4 Be specific and precise. 5 Use examples and scenarios. 6 Review and revise your clauses. 7 Here's what else to consider.

The preamble of a contract is the introductory paragraph that identifies the parties to the agreement. It is typically followed by paragraphs known as recitals (also called the background section). Sometimes, these recital paragraphs are labeled “Whereas”.

A whereas clause is a statement that is used in legal documents, such as contracts or agreements, to provide background information or context for the document. It typically begins with the word "whereas" and is followed by a description of the situation or circumstances that led to the creation of the document.

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Submission Agreement Sample With Whereas Clauses In Ohio