Arbitration Agreements – 10 Free Sample Templates

Arbitration is a resolution technique where the conflicting or disputing parties resolve issues outside the court, in front of an arbitrator, which has been chosen by the two parties.

An Arbitration Agreement:
An arbitration agreement is a legal document that the conflicting parties sign to ensure that the dispute will be settled via arbitration as opposed to going to courts. There are two kinds of arbitration agreements. The first, which is used in many cases, the arbitration agreement is a clause in another contract such as employment contract and etc.

This clause entails that in case any dispute or any conflict if may arise in the future, or during the period the contract is valid, disputes will be resolved via arbitration and avoid a legal suit. The second kind is signed after a conflict has arisen, agreeing that the conflict shall be resolved via arbitration and not litigation. Usually the first kind of agreement is more preferred since it makes it clear beforehand the possible solution to a future dispute as opposed to spending time searching for a solution after a dispute has arisen.

When signing an arbitration agreement, both the parties understand that since the conflict is being resolved outside the court, there will be limitations. Usually in litigation, both the parties have information about the other party. They have knowhow about the witnesses, the evidences and the sources. But in arbitration, both the parties don’t have much information regarding the other. Another limitation is that when signing an arbitration agreement, one agrees that whatever decision that will be made, will be the final. There are no appeals in an arbitration agreement.

An arbitration agreement is more preferred since it manages to keep the conflict within a boundary and doesn’t get a lot of attention. Many employers and business owners make their employee or vendors and suppliers sign an arbitration agreement to contain any disputes within the organization. This not only prevents the disrupting of the work environment, but also makes sure that the organization doesn’t earn a bad name, or comes in news due to the conflicts.

This is a reason why many employers make new hires sign an arbitration agreement before coming to work. This is more preferable to the employers and saves them both the money and the reputation that would otherwise be compromised in a lawsuit. Many employees have the right to refuse to sign the agreement if they feel that the agreement is one sided and favors the employer more. But then again, many employers have a condition that they will only be offered a job, IF they sign an agreement.

When signing an arbitration agreement, make sure that you have a lawyer or an attorney by your side. They shall guide you more and ensure that your rights are also safeguarded during the dispute. If you are drafting an agreement, then ensure the same. Make sure that you follow all the laws regarding an arbitration agreement.

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Sample Arbitration Agreements

Here is preview of Arbitration Agreement in MS Word Format

Here is download link for this Arbitration Agreement,

Posted in: Agreement Templates

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