The Arbitration Agreement is a legal document designed to settle disputes outside of court through binding arbitration, specifically addressing arbitration disputes examples in Philadelphia. This agreement outlines the process for initiating arbitration, including the requirement for a written notice containing details of the claim. Parties must decide on an arbitrator or arbitration association to oversee the proceedings. Key features include the stipulation that the costs may be shared or assigned by the arbitrator and that the decision made will be final and binding on the parties involved. The document emphasizes that by entering this agreement, the parties waive their right to a jury trial, highlighting the differences in rules between arbitration and court proceedings. For users such as attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves several purposes: it provides a structured approach to resolving conflicts, establishes clear expectations for arbitration, and informs clients of their arbitration rights and obligations. Complete and edit this form by filling in specific details, such as party names and the chosen arbitration location, ensuring it reflects the needs of all parties involved.