Common use of ARBITRATION; CHOICE OF LAW Clause in Contracts

ARBITRATION; CHOICE OF LAW. This Agreement shall be governed by California law, without regard to principles of conflicts of laws. Any dispute relating to this Agreement shall be subjected to binding arbitration in Santa Xxxxx County, California in accordance with the then effective rules of the American Arbitration Association (the "AAA"). The arbitration shall occur before an arbitrator, as selected and reasonably agreed upon by the Parties; provided that if the Parties cannot agree upon an arbitrator then the rules of the AAA with respect to selection of arbitrators shall govern. The costs of the arbitration are to be borne equally by the Parties, except that each Party shall bear its own attorneys' fees. The decision of the arbitrator shall be final and binding, set forth in an opinion, and enforceable by any court of competent jurisdiction. The prevailing Party shall be entitled to reimbursement of its attorneys' fees and costs. Nothing herein shall preclude the Parties from submitting any dispute or claim at any time to mediation upon mutual consent of the Parties.