PandaTip: Most agreements have an arbitration clause, which states that any disagreements related to the agreement must be resolved not in a court of law, but through a neutral arbitrator. This template serves to govern the terms of such arbitration.
This arbitration agreement is by and between the following parties:
[Party1.Company], with offices at [Party1.Address], AND
[Party2.Company], with offices at [Party2.Address].
This agreement is intended to govern the arbitration process for disputes related to the following agreements:
(insert multi-line text field)
Both parties agree to the following terms and conditions:
Terms and Conditions
PandaTip: The neutrality of an arbitrator is central to the process’ integrity. This section of the template identifies an arbitrator that both parties trust to remain impartial.
The following individuals have been chosen to provide counsel and arbitration for this agreement. No third party individuals shall be included in this arbitration agreement unless prior written consent between the parties has been obtained.
Arbitrator Name: [Arbitrator.Name]
Arbitrator Address: [Arbitrator.Street] [Arbitrator.City], [Arbitrator.State] [Arbitrator.Zip]
Arbitrator Phone: [Arbitrator.Phone]
All demands with regard to this arbitration agreement will be listed below in a clear statement understandable by all parties.
The factual and legal issues that remain to be decided are:
(Insert Multi-Line Text Field)
At the present, the parties to this arbitration agreement are unable to come to mutual agreement regarding the issues listed above. In the sections below, the Parties enter their positions regarding the issues at hand.
PandaTip: To move proceedings along quickly, each party should use the template’s text fields below to thoroughly document their position as it relates to the conflict at hand.
(Insert multi-line text field)
(Insert multi-line text field)
PandaTip: This section of the template calls for a prehearing. The purpose of this hearing is to allow both parties to state their positions and present any arguments or evidence that supports their claims.
The arbitrators may set up a conference prior to the hearing to clarify any and all claims and defenses.
This conference will take place with prior notification no later than 30 days before the conference date.
No other discovery other than those listed below will be allowed during this hearing unless discovery is made by the arbitrator or is found to have good cause.
Excluding information that may lead to impeachment each party will be responsible for disclosing the following information
- The names and addresses of any parties that may have information used to support the claims and defenses within this agreement.
- Any documentation that may be used to support such claims and defenses
- Any damages calculations that may be used
- Each expert witness must produce a written statement with all opinions and factual evidence that will be expressed during the term of the hearing as well as the reasoning behind such conclusions.
If any disputes shall occur over any items listed in the discovery both parties shall use good faith to attempt to resolve said disputes.
In the instance that the parties cannot come to an agreement they may result in the arbitrator ruling out disputed issues from the hearing all together.
PandaTip: The template sets a firm date for the final arbitration hearing. This ensures that the issues at hand are resolved in a timely manner.
The final hearing for this arbitration agreement is scheduled to take place within 6 months of the appointment of both arbitrators.
The final hearing shall take place in [Hearing.City], [Hearing.State] as agreed between both parties.
Should any awards, financial or otherwise, be granted by the arbitrator, such awards shall be delivered to the entitled party within 30 days of the arbitrator’s ruling.
The Arbitrators involved in this agreement may impose any deemed necessary sanctions against either party, or the parties lawyers for failure to comply with any and all terms and conditions in this arbitration agreement.
Costs and Fees
PandaTip: Arbitration is designed to benefit both parties by saving time and expense. As a result, the parties involved typically agree to share any costs stemming from the proceedings equally. If that is not the case, you can edit this section of the template to reflect how you’ll share the costs.
Both parties will split any and all arbitration fees and expenses equally unless a written agreement has been signed by both parties stating otherwise.
All attorney fees and expenses will be the responsibility of the hiring party.
The party who retains a court reporter will be responsible for such costs.
Violation of or failure to uphold any single article of this arbitration agreement shall not constitute cancellation or waiver of any additional articles of this agreement.
PandaTip: Using public opinion to put pressure on the other party happens too often when two parties have a disagreement. This section of the template explicitly prevents either party from revealing any information related to the issue at hand or any related agreements until the arbitrator has made a final ruling.
Until a judgment has been entered or an agreement has been reached, neither party nor their counsel may reveal any information pertaining to this arbitration agreement or related to the arbitration proceedings publicly.
Once the arbitrators have ruled on the matter at hand, the results of the hearing may not be disclosed to third parties without written approval from both parties.
Any information made public without the agreement or knowledge of all participating parties may result in termination of this agreement as well as further action.
The parties agree that the matters at hand shall be judged in accordance with the laws of [Hearing.City], [Hearing.State], in addition to any applicable Federal Regulations.
PandaTip: You and the opposite party can sign this arbitration agreement template electronically using the signature fields below.
By signing below, both parties are in understanding and agreement to the terms and conditions mentioned above.