Terms And Conditions Arbitration provisions are essential for businesses operating in the United States seeking to manage dispute resolution efficiently and cost-effectively. This document is typically implemented when companies want to avoid costly litigation and ensure consistent dispute resolution procedures. It must comply with the Federal Arbitration Act and state-specific requirements, while remaining fair and enforceable. The document typically includes detailed procedures for initiating arbitration, selecting arbitrators, allocating costs, and establishing the scope of arbitrable disputes.
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1. Parties: Identification of all parties bound by the arbitration agreement
2. Background: Context and purpose of the arbitration agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Arbitration: What disputes are covered by the arbitration agreement
5. Arbitration Process: Procedures for initiating and conducting arbitration
6. Selection of Arbitrator: Process for choosing arbitrator(s)
7. Costs and Fees: Allocation of arbitration expenses
1. Class Action Waiver: Waiver of right to participate in class actions - used in consumer contracts or employment agreements
2. Small Claims Exception: Exception allowing parties to pursue small claims in court - typically included in consumer contracts to ensure fairness
3. Opt-Out Provision: Process for opting out of arbitration - included when required by state law or for consumer fairness
1. Arbitration Rules: Detailed procedures and rules governing the arbitration process
2. Fee Schedule: Detailed breakdown of arbitration costs and fees
3. Arbitrator Selection Procedures: Detailed process for arbitrator selection and qualification requirements
Relevant legal definitions
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Predispute Arbitration
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Physician Patient Arbitration Agreement
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Non Binding Arbitration Clause
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