Arbitration Agreement Template
An Arbitration Agreement is a legal contract that tries to manage that disagreements that might arise through business dealings will be handled outside of court first
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The parties expressly agree in an arbitration agreement that all disputes arising between them should be resolved by binding arbitration, as opposed to litigation in a court of law. To put it another way, the court will not let any party to file a lawsuit after entering into an arbitration agreement; instead, it will dismiss the case and send it to arbitration. The right to file a lawsuit is completely waived by parties who enter into an arbitration agreement.You may utilize this Arbitration Agreement Template in Word format as an excellent example for your arbitration agreements regarding the use of software. Include it to your software license terms. It establishes the appropriate conditions of the agreement between the parties to formally on how the arbitration will be conducted and the rules they will like to follow. You can adjust this free template in Word, Google Docs, or WPS. (DOCX format).All Arbitration Agreements are subject to the United States Arbitration Act, 9 U.S.C. ch. 1. Also referred to as the Federal Arbitration Act.
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