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Arbitration agreements require that persons who signed them resolve any disputes by binding arbitration, rather than in court before a judge and/or jury. What is binding arbitration? Binding arbitration involves the submission of a dispute to a neutral party who hears the case and makes a decision.

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 ...

What is an arbitration agreement? It's typically a clause in a broader contract in which you agree to settle out of court, through arbitration cases, any dispute that arises with your counterpart.

Many employers ask employees to sign arbitration agreements, in which they give up their right to sue in court over job-related issues such as wrongful termination, breach of contract, and discrimination.

Sample arbitration clause In case a dispute arises, the parties mutually consent to appoint a sole arbitrator from the list of arbitrators mentioned in part __of the agreement within ____days from the date of the dispute. All the arbitration proceedings shall be conducted in (language).

Fair and Impartial Determination: The tribunal holds the responsibility to impartially determine the rights of the parties, ensuring a fair judgment. Legally Enforceable: The agreement's terms, which outline the parties' commitment to arbitration, must adhere to the legal framework and be enforceable by law.