Common use of Election of Forum Clause in Contracts

Election of Forum. (1) Within 10 business days after receipt of notice from the retail forex customer that the customer intends to submit a claim to arbitration, the national bank must provide the customer with a list of per- sons qualified in dispute resolution. (2) The customer must, within 45 days after receipt of such list, notify the national bank of the person se- lected. The customer’s failure to pro- vide such notice must give the national bank the right to select a person from the list.

Appears in 7 contracts

Samples: Arbitration Agreement, Arbitration Agreement, Arbitration Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!