Arbitration Over Dispute In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00416-2
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a formal contract executed between two parties to resolve disputes through binding arbitration rather than through the court system. It outlines the process for initiating arbitration, including sending a written notice that details the claim and requested remedy. Each party must specify the claims subject to arbitration, and allow for a single impartial arbitrator to be selected for disputes under a specified monetary threshold. The arbitrator's award will be final and binding, and can be enforced in court as needed. This Agreement explicitly waives the parties' rights to a jury trial, emphasizing the differences in procedure and rights in arbitration compared to litigation. Utility for the target audience—attorneys, partners, owners, associates, paralegals, and legal assistants—includes providing a structured approach to resolving conflicts, minimizing court involvement, and streamlining the dispute resolution process. By understanding the agreement's requirements and implications, legal professionals can better serve their clients in arbitration matters in Phoenix.
