|
|
|
Arbitration Agreement
An Arbitration Agreement documents two parties' decision to resolve their dispute by having it adjudicated by an unbiased third party, instead of using the court system. Use the GetFormsNow Arbitration Agreement to help resolve your business related dispute quickly and inexpensively.
For more information and to preview this Arbitration Agreement, click on your state from the following list:
|
| More information for the Arbitration Agreement |
|
What is arbitration?
Arbitration is a private legal procedure used to resolve disputes between two or more parties. The parties submit their dispute to an impartial third party for resolution. Arbitration is an alternative to court-based litigation.
Why use arbitration?
- Arbitration is generally quicker and less expensive than court-based litigation.
- Arbitration has simpler rules and the parties can agree to additional provisions.
- The parties have more control over when, where and how to resolve the dispute.
Is Arbitration binding?
Yes, except in cases in which the parties agree to non-binding arbitration, also known as advisory arbitration. The arbitrator's decision is called an award and the award is enforceable in a court of law.
|
|
|
Copyright © 2004-2007 GetFormsNow. All rights reserved.
|
|
|
