Submission Agreement Sample For Lending Money In California
Category:
State:
Multi-State
Control #:
US-0010BG
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Submission Agreement is a formal document used in California that facilitates the binding arbitration process between two parties involved in a dispute. Key features of the agreement include the identification of the parties (Claimant and Respondent), the selection of an arbitrator, and the definition of procedural guidelines for the arbitration hearing. It outlines the financial responsibilities for the arbitrator's fees and expenses, which are to be shared equally between the parties, while each party bears its own legal costs. The form also specifies that the arbitrator has discretion over the timeline, evidence admissibility, and overall management of the hearing. Additionally, it allows for the issuance of a binding and final award, which the parties agree to uphold. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for resolving disputes efficiently, helps avoid lengthy court proceedings, and ensures enforceability of the arbitrator's decisions.
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FAQ
Ing to Boundy (2012), typically, a written contract will include: Date of agreement. Names of parties to the agreement. Preliminary clauses. Defined terms. Main contract clauses. Schedules/appendices and signature provisions (para. 5).
How to draft a contract between two parties: A step-by-step checklist Know your parties. Agree on the terms. Set clear boundaries. Spell out the consequences. Specify how you will resolve disputes. Cover confidentiality. Check the legality of the contract. Open it up to negotiation.
