Submission Agreement Sample With Collateral In San Antonio

Q: What is a submission agreement?

A submission agreement (also called an agreement to arbitrate ) is a written agreement between two parties that establishes the use of arbitration to settle a dispute (or any and all disputes) that may arise between them.

Category:

Arbitration and Mediation - Arbitration

State:

Multi-State

City:

San Antonio

Control #:

US-0010BG

Format:

Instant download

Description

The Arbitration Submission Agreement is a legal document that outlines the terms under which disputing parties agree to submit their case to binding arbitration. Specifically relevant for users in San Antonio, this agreement details the selection of an arbitrator, location of arbitration, fees, and the procedural rules that govern the arbitration process. Key features include provisions for arbitrator selection, allocation of costs, hearing procedures, and the issuance of a final award. Users are instructed to fill in specific information, including names, addresses, and dates, to make this document applicable to their situation. The form supports a variety of use cases, such as resolving disputes in familial, business, or contractual matters. It is particularly useful for attorneys, partners, and legal assistants drafting or assisting in arbitration cases. For clients, understanding this agreement fosters clarity on how disputes will be resolved efficiently without litigation.

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FAQ

Suppose you agree to rent an apartment. The lease agreement you sign with the landlord is the main contract. However, your landlord promises to fix the toilet drainage. Therefore, this is the collateral contract.

Examples of collateral documents are a security agreement, guarantee and collateral agreement, pledge agreement, deposit account control agreement, securities account control agreement, mortgage, and UCC-1s.

A collateral contract is a contract to enter into an future contract. Part of the consideration for the collateral contract is the promise to enter into the second contract. This is similar to a conditional contract whereby the consideration for one party is conditioned on the other party doing something.

A “submission agreement” (also called an “agreement to arbitrate”) is a written agreement between two parties that establishes the use of arbitration to settle a dispute (or any and all disputes) that may arise between them.