Submission Agreement Sample With Sole Proprietor In Pennsylvania

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

Description

The Arbitration Submission Agreement is a legal document designed for sole proprietors in Pennsylvania to formalize the submission of disputes to binding arbitration. This agreement outlines the roles of the claimant and respondent, the details of the arbitration process, including the arbitrator's authority and the location of the arbitration. It specifies the allocation of fees and expenses, establishing that costs will be shared between the parties, but each is responsible for their own legal representation. Noteworthy features include provisions for evidence presentation, witness testimonies, and the procedures governing arbitration hearings. The agreement allows for flexibility in rules, allowing the arbitrator discretion over the process, which can help streamline resolutions. The finality of the arbitrator's award is emphasized, indicating that it is binding and enforceable in court. This form serves as a valuable tool for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a clear framework for resolving disputes outside of court, thus saving time and legal expenses while ensuring that all parties are aware of their rights and obligations.