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Arbitration Agreement

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Arbitration Agreement

File Type: Word      Price: $5.99        

                                                                          

Summary: An Arbitration Agreement documents two parties' decision to resolve their dispute by having it arbitrated by a neutral third party, called an Arbitrator, instead of using the court system to resolve the matter. Use this Arbitration Agreement to help resolve your business related disputes quickly, inexpensively, and efficiently.

 

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ARBITRATION AGREEMENT

1.         This Arbitration Agreement is made between [set out the names and addresses of the parties] :

            A.        _____________________________________________________________

                        _____________________________________________________________

                        _____________________________________________________________           

            B.         _____________________________________________________________

                        _____________________________________________________________

                        _____________________________________________________________         

 

2.         Disputes and differences have arisen between the parties as to [set out a brief description of the nature of such disputes or differences] :

            a)         _____________________________________________________________

                        _____________________________________________________________

                        _____________________________________________________________           

            b)         _____________________________________________________________

                        _____________________________________________________________

                        _____________________________________________________________           

 

3.         The parties are unable to resolved the disputes or differences by agreement and have agreed to refer the disputes or differences or such part as remain unresolved to arbitration in accordance with the Commercial Arbitration Act 1984 as presently amended (‘the Act’).

4.         The parties appoint __________________________________________________ of   _________Count/City, State________________________________________ as Arbitrator to determine such disputes or differences.

5.         The parties each lodge herewith the sum of $ by way of security for costs of the arbitration proceedings.

6.         In the event that the Arbitrator accepts the appointment, it is agreed by the parties as between each of them and as between each of them and the Arbitrator as follows:

            a)         that the Arbitrator shall determine the disputes and differences between the parties and any Award made by the Arbitrator shall, subject to the Act, be final and binding on the parties;

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