Agreement With Arbitration Clause
Description
How to fill out Agreement To Submit To Arbitration - General?
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FAQ
The place of the arbitration shall be city, state, and state law shall apply. We further agree that we will faithfully observe this agreement and the rules, that we will abide by and perform any award rendered by the arbitrator(s), and that a judgment of any court having jurisdiction may be entered on the award.
The obvious advantage of including an arbitration clause in your contract before the dispute arises is that once the dispute does arise, you can force the dispute out of the court system, and you can force the other side to arbitrate.
The parties may also wish to stipulate in the arbitration clause:the law governing the contract;the number of arbitrators;the place of arbitration; and/or.the language of the arbitration.
An arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process.
The obvious advantage of including an arbitration clause in your contract before the dispute arises is that once the dispute does arise, you can force the dispute out of the court system, and you can force the other side to arbitrate.
