Arbitration Agreement by EasyLegalDocs
This Arbitration Agreement outlines the terms under which any disputes between the involved parties will be resolved through binding arbitration. It specifies the rules, location, and costs associated with the arbitration process, ensuring a structured approach to dispute resolution.
ARBITRATION AGREEMENT
This Arbitration Agreement (hereinafter referred to as the "Agreement") is made and effective on [effective date],
BY AND BETWEEN: | [first party name], with an address of [first party address], hereinafter referred to as the “First Party.” |
AND: | [second party name], with an address of [second party address], hereinafter referred to as the “Second Party,” collectively referred to as the “Parties.” |
SCOPE OF AGREEMENT
The Parties agree that any and all claims, disputes, or controversies arising out of or relating to [subject matter], whether based on contract, tort, statute, or any other legal or equitable theory, shall be resolved by binding arbitration.
ARBITRATION RULES AND PROCEDURES
The arbitration shall be conducted in accordance with the [arbitration rules] in effect at the time of the arbitration. The arbitration shall be conducted by a single arbitrator selected in accordance with the [arbitration rules].
ARBITRATION LOCATION
The arbitration shall take place in [arbitration location] or at such other location as may be mutually agreed upon by the Parties.
ARBITRATION AWARD
The arbitrator shall render a written award stating the reasons for the award. The arbitrator's award shall be final and binding upon the Parties, and judgment may be entered upon the award in any court having jurisdiction thereof.
COSTS AND FEES
The costs and fees of the arbitration, including the arbitrator's fees, shall be borne equally by the Parties, unless otherwise determined by the arbitrator.
GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of [governing law state], without giving effect to any choice or conflict of law provision or rule.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
FIRST PARTY | SECOND PARTY |
_____________________________ | _____________________________ |
_____________________________ | _____________________________ |
_____________________________ | _____________________________ |
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About this template
What is this template?
This is a standalone contract dedicated exclusively to the arbitration process. It is not a broad service or employment contract; it focuses entirely on how legal controversies involving a specific subject matter will be heard. It contains specific placeholders for the arbitration location and the specific governing ruleset to be applied.
When should you use it?
Use this when parties have an existing relationship and want to move future disputes out of the public court system. If you are looking to include these terms inside a larger service agreement, use a Dispute Resolution Clause instead of this separate document.
What's inside
| Clause | Name | What it does |
|---|---|---|
| SCOPE OF AGREEMENT | SCOPE OF AGREEMENT | Requires all claims arising out of the specified subject matter to be resolved through binding arbitration instead of court litigation. |
| ARBITRATION RULES AND PROCEDURES | ARBITRATION RULES AND PROCEDURES | Mandates that a single arbitrator conduct the proceedings according to the specific set of rules selected by the Parties. |
| ARBITRATION AWARD | ARBITRATION AWARD | Provides that the arbitrator must issue a written award that is final and enforceable in any court with jurisdiction. |
| COSTS AND FEES | COSTS AND FEES | Splits the arbitrator's fees and proceeding costs equally between the First Party and Second Party unless the arbitrator rules otherwise. |
| GOVERNING LAW | GOVERNING LAW | Subjects the construction of this agreement to the laws of the state or jurisdiction entered in the governing law field. |
Who it's for
- two parties wishing to waive their right to a jury trial in favor of private dispute resolution
- business partners wanting to pre-determine the city and ruleset for potential future legal conflicts
- commercial entities agreeing to share the costs of a single arbitrator to resolve specific contract or tort claims
How long it runs and how it's signed
United States note
This version is drafted for US law generally. Contract, employment and consumer rules vary by state — for example on non-competes and at-will employment. Tell GitLaw which state applies and it adjusts the draft.
Frequently asked questions
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