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The purpose of the Delaware Rapid Arbitration Act is to give Delaware business entities a method by which they may resolve business disputes in a prompt, cost-effective, and efficient manner, through voluntary arbitration conducted by expert arbitrators, and to ensure rapid resolution of those business disputes.
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Samples of Arbitration forms for Alternative Dispute Resolution. Arbitration is a process by which a qualified neutral individual ("arbitrator") hears all sides of a controversy and renders a fair decision based on the ... Delaware recently enacted the Delaware Rapid Arbitration Act (the "DRAA"), a potentially cost-saving alternative form of dispute resolution for Delaware ... By GV Varallo · Cited by 1 ? To invoke the Act, the parties must have a written agreement signed by the parties to the arbitration. The agreement to arbitrate must be governed by Delaware ... The DRAA permits the parties to structure how their arbitration will be conducted. For example, an arbitrator may only issue subpoenas or commissions to permit ... The deal documents need not be governed by Delaware law. ?. At least one of the parties to the arbitration agreement must either have its principal place of ... The DRAA allows the parties to an arbitration agreement to select a specialized arbitrator, including one not trained in law to resolve their dispute. Thus ... The DRAA requires that every party to an agreement invoking the DRAA consent to the exclusive submission to an arbitrator on all issues of ... The DRAA is designed to provide parties with what the proponents of arbitration originally anticipated from an alternative dispute resolution ... Complete this form to start arbitration under an arbitration agreement in a contract. Select... Alabamaskarizonakansas. California. Colorado nnecticut. Delaware.
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