Arbitration Sole Forum for Litigation Clause Samples

Arbitration Sole Forum for Litigation. The parties elect not to have any issues relative to this Agreement litigated in court and have elected, as the sole and exclusive alternative thereto, triable by binding arbitration to be conducted within thirty (30) miles of the United States Capitol Building in Washington, DC under the real estate and commercial arbitration rules of the American Arbitration (“AAA”). Both parties shall promptly cooperate and give their full and timely cooperation, including, by way of example, if necessary, the deposit of fees, costs and expenses of the arbitration, with the AAA. Should either party fail to timely select or designate acceptable arbitrators from the panel of arbitrators within the time proscribed by the AAA, the non-recalcitrant party may do so as the appointee of such recalcitrant party. The award of the arbitrator shall be final and binding and shall be enforced a final judgment in the Superior Court for the District of Columbia. [Signature Page Follows]