Arbitration Agreement Format

State:
Multi-State
Control #:
US-02980BG
Format:
Word; 
Rich Text
Instant download

Description

The Arbitration Agreement format is a structured document that outlines the terms and procedures for resolving disputes through arbitration and mediation. It begins with the identification of the parties involved and the specific issues subject to arbitration, ensuring clarity and mutual understanding. Key features include a multi-step dispute resolution process, beginning with informal negotiation, followed by mediation if necessary, and culminating in binding arbitration administered by the American Arbitration Association. Filling and editing instructions include specifying the parties' names, addresses, the number of days for responses, and the applicable law. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for resolving conflicts efficiently and cost-effectively. Users can adapt the agreement to fit various business or employment relationships, making it versatile in its application. Additionally, parties can ensure compliance through clearly defined steps, and the format protects their rights by allowing for possible recovery of attorney's fees in court if arbitration compliance is necessary.
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FAQ

In the event a dispute shall arise between the parties to this [contract, lease, etc.], it is hereby agreed that the dispute shall be referred to United States Arbitration & Mediation for arbitration in ance with United States Arbitration & Mediation Rules of Arbitration.

In general, a Request for Arbitration or a Notice of Arbitration must contain the names of each of the parties, the names of the parties' representatives, a description of the dispute giving rise to claims, a statement of the relief sought, a description of the agreement containing the arbitration clause, the choice of ...

The Scope of the Clause. This section of the clause is critical; it sets the boundaries for which disputes the tribunal is authorised to determine. ... Choice of Rules. ... The Number of Arbitrators. ... Appointing Authority. ... Choice of Venue. ... The language of the proceedings. ... Finality. ... Exclusion of the right of appeal.

If you sue your former employer for wrongful termination, for example, the court can award you only monetary damages, ing to Cole and Blankley. By contrast, in addition to (or instead of) awarding damages, an arbitrator could order the company to reinstate you.

"A dispute having arisen between the parties concerning [ ], the parties hereby agree that the dispute shall be referred to and finally resolved by arbitration under the LCIA Rules. The number of arbitrators shall be [one/three]. The seat, or legal place, of arbitration shall be [City and/or Country].

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Arbitration Agreement Format