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SECOND PARTY Signature Print Name Print Name Title Title al or written, relating to the subject matter of this Agreement. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed the day and year first above written. FIRST PARTY Signature arty, and supersedes any prior understanding or representation of any kind preceding the date of this Agreement. There are no other promises, conditions, understandings or other agreements, whether orin are for convenience only and shall not affect the meaning of the provisions of this Agreement. 10. Entire Agreement. This Agreement constitutes the entire agreement between First Party and Second Prtified return receipt requested, postage prepaid, or delivered by overnight delivery service, addressed as follows: If to First Party: If to Second Party: 9. Headings. The headings for section heree the provision valid, then such provision shall be deemed to be construed as so limited. 8. Notice. Any notice required or otherwise given pursuant to this Agreement shall be in writing and mailed cegreement shall continue in full force and effect. If any provision of this Agreement is deemed invalid or unenforceable by any court of competent jurisdiction, and if limiting such provision would makginal and all of which, when taken together, shall constitute one agreement. 7. Severability. If any part or parts of this Agreement shall be held unenforceable for any reason, the remainder of this Acute any further documents and to take any necessary actions to initiate the Arbitration. 6. Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute an orihe administrative fees and other expenses of the arbitration procedure, and shall not apply to any award ordered by the Arbitrator to either Party. 5. Further Actions. The Parties hereby agree to exe.e., costs are split equally by the Parties regardless of outcome, and each Party shall pay for its own attorney's fees) . The assignment of costs to each Party in this Section 4 shall apply only to tL YOU BE ABLE TO APPEAL THE RULING GIVEN BY THE ARBITRATOR. 4. Costs. The costs of the arbitration proceedings shall be borne as follows: (Describe how costs will be paid, including attorneys' fees, iey may have at law or equity arising out of the Dispute. IMPORTANT: YOU WILL NOT BE ABLE TO BRING ANY LAWSUIT AGAINST THE OTHER PARTY IN A COURT OF LAW OR BEFORE A JURY REGARDING THIS DISPUTE, NOR WILaiver of Claims. The Parties hereby agree that the Dispute shall be resolved solely through the Arbitration, and that both Parties knowingly and voluntarily waive any claims against each other that thThe Arbitration shall be conducted according to the following rules and procedures: (Insert name of organization whose rules/procedures will be used, i.e., the American Arbitration Association) . 3. Wo not wish to have arbitrated) . The ruling of the Arbitrator shall be binding and final. 2. Arbitrator. The Parties agree that (the "Arbitrator") shall serve as the arbitrator under this Agreement. dispute (the "Dispute") through a binding arbitration (the "Arbitration"): (Describe the Dispute. Be sure to define the scope of the Dispute, i.e., mention any issues related to the Dispute that you dLVED, in consideration of the mutual covenants and promises contained herein, the Parties agree as follows: 1. Arbitration. The Parties hereby knowingly and voluntarily agree to resolve the following nd background behind the dispute that the parties wish to arbitrate) ; WHEREAS the Parties wish to seek resolution of this dispute before a neutral and independent arbitrator; NOW THEREFORE BE IT RESOthe "First Party"), whose business address is , and (the "Second Party", and together with the First Party, the "Parties"), whose business address is . WHEREAS, (Briefly describe the factual history au in preparing your own agreement. Be sure to delete these instructions prior to completing your finished draft. ARBITRATION AGREEMENT THIS AGREEMENT, is made as of the day of , 20 , by and between ( dispute from the court system and bring it before a neutral arbitrator. This kit includes a sample post-dispute arbitration agreement that includes italicized instructions and guidelines to assist yorator. The specific dispute in this context is generally hypothetical. In post-dispute arbitration agreements, the dispute has already occurred, and the parties to it agree specifically to remove thatements; pre-dispute and post-dispute. Predispute arbitration agreements set forth an understanding that any dispute arising from a particular transaction or relationship shall be heard before an arbitd from the court system, and reviewed by a neutral and independent arbitrator. Arbitration provides a cheaper, faster alternative to the court system. There are generally two kinds of arbitration agreesolved by a neutral arbitrator. In recent years, the expense and delay of pursuing a lawsuit in court have pushed many to opt for binding arbitration. Under a binding arbitration, a dispute is removeFindLegalForms Arbitration Agreement (Post-Dispute) - Kit This kit is designed to help you draft a post-dispute arbitration agreement, affirming the decision of both parties to a dispute to have it r