Rhode Island 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

Section 7 of the Arbitration and Conciliation Act, 1996 talks about arbitration agreement and its ingredients. It also makes it mandatory to have the agreement in writing. It has to be signed by both the parties.

As a form of alternative dispute resolution, arbitration proceedings can either be binding or non-binding. The former simply means the decision is final and enforceable, while the latter that the arbitrator's ruling is advisory and can only be applied if both parties agree to it.

The California Supreme Court ruled that claims brought under California's FEHA are in fact arbitratable if ?the arbitration permits an employee to vindicate his or her statutory rights.? In sum, the court stated that in order for an employment arbitration agreement to be enforceable (particularly with respect to ...

The Federal Arbitration Act, or FAA, was passed in 1925 in response to a variety of court decisions that held arbitration agreements unenforceable. This law provides that arbitration agreements are generally valid and enforceable.

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.

In some instances, you may be able to sue if you signed a valid arbitration agreement. While courts generally favor arbitration agreements, they will allow you to file a lawsuit if either you didn't understand your rights or your claims fall outside the arbitration provision's scope.

This law provides that arbitration agreements are generally valid and enforceable. The major exception to this provision is that the arbitration agreement is not enforceable if it violates the general law of contracts ? which applies to all contracts under the law of the state that governs the agreement.

Binding decisions An arbitrator's decision can be generally enforced in any US court. While a binding decision helps both parties move forward, if your client feels they didn't get an adequate resolution, there's little they can do.

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Rhode Island Arbitration Agreement Between Operator and Nonoperator