Model Format of Arbitration Agreement (Simple)

Model Format of Arbitration Agreement (Simple)

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Model Format of Arbitration Agreement (Simple)
Model Format of Arbitration Agreement (Simple)

_______________, referred to as the 1st PARTY, and __________________, referred to as the 2nd PARTY, agree:

A dispute has arisen. The parties herewith agree that each shall forego litigation of the dispute and instead submit the dispute to final arbitration under the terms and conditions set forth herein.

The parties select ________________________________________ to act as the Arbitrator (s).

This Arbitration shall be governed by the laws of the State of __________ regarding Arbitration.

The Arbitrator (s) shall enter their final finding as a judgment in any court having jurisdiction between the parties.

The Arbitrator shall be compensated as follows:

________________________________….

Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here

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