Common use of Arbitration Disclosures Clause in Contracts

Arbitration Disclosures. (1) Arbitration is final and binding on the parties and subject to only very limited review by a court. (2) In arbitration the parties are waiving their right to litigate in court, including their right to a jury trial. (3) Discovery in arbitration is more limited than discovery in court. (4) Arbitrators are not required to include factual findings or legal reasoning in their awards. The right to appeal or to seek modification of arbitrator’s rulings is very limited.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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Arbitration Disclosures. (1i) Arbitration arbitration is usually final ------------------------- and binding on the parties and subject to only very limited review by a court. ; (2ii) In arbitration the parties are waiving their right to litigate in court, including their right to a jury trial. ; (3iii) Discovery in pre-arbitration discovery is generally more limited than discovery in court. and different from court proceedings; (4iv) Arbitrators are not required to include factual findings or legal reasoning in their awards. The any party's right to appeal or to seek modification of arbitrator’s rulings by arbitrators is very strictly limited; and (v) a panel of arbitrators might include an arbitrator who is or was affiliated with the telecommunications industry.

Appears in 1 contract

Samples: Executive Employment Agreement (VDC Communications Inc)

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Arbitration Disclosures. (1i) Arbitration arbitration is usually final ------------------------- and binding on the parties and subject to only very limited review by a court. ; (2ii) In arbitration the parties are waiving their right to litigate in court, including their right to a jury trial. ; (3iii) Discovery in Pre-arbitration discovery is generally more limited than discovery in court. and different from court proceedings; (4iv) Arbitrators are not required to include factual findings or legal reasoning in their awards. The any party's right to appeal or to seek modification of arbitrator’s rulings by arbitrators is very strictly limited; and (v) a panel of arbitrators might include an arbitrator who is or was affiliated with the telecommunications industry.

Appears in 1 contract

Samples: Employment Agreement (VDC Communications Inc)

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