Simple Arbitration Agreement

How To Use

Arbitrations are an effective and final method to end a dispute.

Even if you lose, it is over and the related costs end. Most arbitrations tend to split the difference so the ending is not too bad for either party.

This review list has been provided to inform you about this document in question and assist you in its preparation.

  • Send multiple copies. Give one to each signatory. Keep one with the transaction file.
  • The value of this “simple” approach is to get a quick agreement between the parties. The other agreement provided is more detailed and probably better for your purposes if you can get it signed.
  • You can adapt this agreement to mediation by changing the language accordingly (which means, in essence, a get together to “discuss” as opposed to resolve).