This Agreement is to insure that no dispute or controversy directly or indirectly concerning any matter relating to this Operating Agreement shall become the subject of court action, but that any dispute or controversy shall be presented to an Arbitration Panel, except as specifically set forth in this provision. The decision of the panel shall be final and binding as to all Parties and their privies without the right of appeal.
South Dakota Arbitration
Category:
State:
Multi-State
Control #:
US-OG-694
Format:
Word;
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FAQ
Arbitration is an alternative means of dispute resolution that provides the involved parties with a solution to a dispute without having to go through the courts.
?title 9 of the United States Code, entitled 'Arbitration', is codified and enacted into positive law and may be cited as '9 U.S.C., § ?' ?.
A claim is heard by an arbitrator who is a private citizen, usually a retired judge. Arbitrator is paid by one or both parties to listen to the evidence presented and determine a fair outcome. No jury of peers, who usually tend to be more sympathetic toward the employee.
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 ...
