The Arbitration Agreement is a formal document intended to resolve disputes between parties through arbitration rather than traditional court proceedings. This agreement outlines the process for initiating arbitration, which includes sending a written notice detailing the dispute and remedy sought. It emphasizes that all claims will be resolved by a single, impartial arbitrator, particularly for claims under a specified dollar amount. The decision made by the arbitrator is final and binding, with the possibility of including motions to dismiss claims. Costs associated with arbitration will be determined by the arbitrator or divided equally among the parties. This agreement is crucial for those in Miami-Dade wishing to waive their right to a jury trial. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful as it provides a clear framework for alternative dispute resolution, ensuring professional handling of claims while saving time and resources in the legal process.