Arbitration Agreement
This Arbitration Agreement (the Agreement) is entered into this 3rd day of October, 2019 by and between John Doe (John) and Jane Doe (Jane), collectively referred to herein as the Parties.
WHEREAS, the Parties desire to settle any dispute, claim or controversy that may arise between them, their agents, affiliates, servants, employees, attorneys, and representatives (collectively, the Parties) through an arbitration process.
NOW, THEREFORE, in consideration of the mutual promises contained in this Agreement, the Parties agree as follows:
1. Application of Agreement. All disputes, claims and other matters arising from or related to this Agreement or the subject matter hereof shall be subject to resolution by arbitration in accordance with the terms of this Agreement. This Agreement shall not apply to any claim to enforce or enforce the award or any arbitration hereunder.
2. Authority. The arbitrator(s) (including the panel of arbitrators) shall have the authority to decide the dispute and to make or enter an award.
3. Venue. The venue for the arbitration shall be [City, State].
4. Arbitration Rules. The arbitration shall be conducted in accordance with the rules of the American Arbitration Association, as they may be amended from time to time.
5. Expenses. The Parties agree to share equally in the payment of all expenses incurred in the arbitration.
6. Settlement. The Parties agree to attempt to settle the dispute through informal negotiation prior to the start of the arbitration proceeding.
7. Final Award. Any award rendered by the arbitrator(s) shall be final and binding upon the Parties and may be enforced by the Parties in any court of proper jurisdiction.
8. Waiver of Rights. Each Party waives any right to have any dispute or claim handled in court or by a jury.
9. Severability. If any part or provision of this Agreement shall be invalidated for any reason, the remaining parts or provisions shall remain in full force and effect.
10. Notices. Any notice required or permitted hereunder shall be sent in writing via certified mail to the address given herein.
This Agreement is executed as a binding agreement by and between the Parties, and shall be binding on their respective agents, employees, attorneys, and representatives. The Parties acknowledge that this Agreement shall be governed by and construed in accordance with the laws of the State of [State]. Any provision hereof that is held invalid by a court of competent jurisdiction shall be replaced or revised so that it reflects the intent of the Parties.
IN WITNESS WHEREOF, the Parties have entered into this Agreement as of the date first written above.
John Doe
Jane Doe
