Hypothecation Agreement Sample With Arbitration Clause
Description notary agreement sample
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FAQ
The obvious advantage of including an arbitration clause in your contract before the dispute arises is that once the dispute does arise, you can force the dispute out of the court system, and you can force the other side to arbitrate.
The place of the arbitration shall be city, state, and state law shall apply. We further agree that we will faithfully observe this agreement and the rules, that we will abide by and perform any award rendered by the arbitrator(s), and that a judgment of any court having jurisdiction may be entered on the award.
A mandatory arbitration agreement should identify the rules, procedures, and evidentiary guidelines to be applied. Many agreements opt for a particular forum's rules and procedures. If there are any rules that the parties want to opt out of (e.g., a limitation on discovery), state as much in the arbitration agreement.
An arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process.
Drafting effective arbitration agreementsClearly impose an obligation to arbitrate disputes (taking particular care when drafting hybrid provisions, see Hybrid clauses).Clearly define the disputes to be arbitrated.Specify the governing law of the arbitration agreement.Specify the seat of arbitration.More items...