Mississippi Arbitration Agreement Between Operator and Nonoperator

State:
Multi-State
Control #:
US-OG-722
Format:
Word; 
Rich Text
Instant download

Description

This agreement is used when questions, differences, or disputes arise with regard to any of the Operator and Nonoperator agreements or the operations of the Leases.
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FAQ

An arbitration provision is unenforceable if the contract violates public policy or precludes a party from recovering in arbitration what would be otherwise available in civil court. In Shotts v. OP Winter Haven, Inc., 86 So.

In addition, the infringement of other rules of contract law may also constitute a ground for the annulment of an arbitration agreement, such as in cases involving fraud, 20 illegality, 21 or lack of capacity, 22 among others.

A party is deceived, intimidated, or coerced during the execution of the arbitration agreement and requests a declaration that such arbitration agreement is invalid; and. The arbitration agreement violates prohibitions specified by the law.

The MAA does not expressly provide for compelling or staying arbitration, but Mississippi courts apply caselaw interpreting the FAA to enforce arbitration agreements that the FAA does not govern (see University Nursing Assocs., 842 So.

If the contract doesn't provide a way to opt out of the arbitration agreement, then tell the other party you don't want to agree to the arbitration clause. Ask them if they will allow you to sign the contract without the arbitration clause.

A party is deceived, intimidated, or coerced during the execution of the arbitration agreement and requests a declaration that such arbitration agreement is invalid; and. The arbitration agreement violates prohibitions specified by the law.

One possible solution lies in the definition of ?unconscionable agreements.? Under the Federal Arbitration Act, one of the few ways to void an arbitration agreement is to prove that the agreement is ?unconscionable? under the standard rules applying to contract formation.

Before arbitration can go forward, the parties must have agreed to arbitrate the dispute. Arbitration agreements are usually signed at the beginning of a business relationship ? long before there's a disagreement.

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Mississippi Arbitration Agreement Between Operator and Nonoperator