This form is an Arbitration Agreement. The form provides that the agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process.
Arbitration Process For Dispute Resolution In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00416-2
Format:
Word;
Rich Text
Instant download
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The Law Division Mandatory Arbitration program is an alternative dispute resolution process for civil suits seeking money damages. Our original ClauseBuilder online tool assists individuals and organizations in developing clear and effective arbitration and mediation agreements.It is a formal process where parties select a neutral third party, called an arbitrator, to resolve a dispute. Arbitration decisions are binding and are subject to challenge only in a narrow set of circumstances. → Mediation – Arbitration (Med-Arb). Arbitration is different from mediation because the arbitrator has the authority to make a decision about the dispute.
