Submission Agreement Sample For Lending Money In Suffolk
Category:
State:
Multi-State
County:
Suffolk
Control #:
US-0010BG
Format:
Word;
Rich Text
Instant download
Description
An agreement to arbitrate a dispute that has already arisen is sometimes called a ?ˆ?submission agreement.?ˆ A submission agreement is needed when the parties don?ˆ™t have an existing written contract or a clause in an existing contract that provides that arbitration will be used to settle disputes between them. The submission agreement is used to start the arbitration with the selected arbitrator.
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On Long Island, there are also dozens of town and village courts that handle small claims; use the New York court's website to locate a specific town or village court. Remember, the small claims limits in town and village courts is $3,000. While in district and city courts the small claims limit is $5,000.
Conclusion: Going to small claims court may be worth it for $500, but it will determine how you weigh your costs versus benefits. At a minimum, it is worth it to send a demand letter.
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.