General Arbitration Procedure Clause Samples
The General Arbitration Procedure clause establishes the framework for resolving disputes between parties through arbitration rather than litigation. It typically outlines the steps to initiate arbitration, the selection process for arbitrators, and the rules or institutions that will govern the proceedings. By providing a clear and structured process for dispute resolution, this clause helps ensure that conflicts are handled efficiently and fairly, reducing uncertainty and potential legal costs for both parties.
General Arbitration Procedure. In the event that the parties fail to settle the Dispute at the mediation required by Section 6.2(a) of this Agreement, the parties agree to submit the Dispute for binding resolution to a single arbitrator selected from a panel of JAMS arbitrators. The arbitration will be governed by the JAMS Comprehensive Arbitration Rules and Procedures in effect at the time the arbitration is commenced, subject to the terms and modifications of this Agreement. If for any reason JAMS cannot serve as the arbitration administrator or cannot fulfill the panel requirements of the Arbitration Provision, the AAA shall serve as an alternative arbitration administrator under the terms of this Agreement.
General Arbitration Procedure. In the event that the parties fail to settle the Dispute at the mediation required by Section 6.2(a) of this Agreement, the parties agree to submit the Dispute for binding resolution to a single arbitrator selected from a panel of JAMS arbitrators. The arbitration will be governed by the JAMS Employment Arbitration Rules and Procedures in effect at the time the arbitration is commenced, subject to the terms and modifications of this Agreement. Executive acknowledges that JAMS’ current rules are available at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇, that amendments to the rules are reflected at that website, and that he has had a reasonable opportunity to review the current rules before executing this Agreement. If for any reason JAMS cannot serve as the arbitration administrator or cannot fulfill the panel requirements of the Arbitration Provision, the AAA shall serve as an alternative arbitration administrator under the terms of this Agreement. The Executive acknowledges that AAA’s current rules are available at ▇▇▇.▇▇▇.▇▇▇, that amendments to the rules are reflected at that website, and that he has had a reasonable opportunity to review the current rules before executing this Agreement.
General Arbitration Procedure. Except to the extent provided in Sections 12.3, 12.4, 12.5, and 12.6, if the PDR fails to reach a unanimous agreement within thirty (30) Days after a dispute is submitted to them, either Party may request arbitration of such dispute by submitting a written notice to the other Party. The Party giving notice that a dispute exists is referred to herein as the "Initiating Party" and the other Party is referred to as the "Non-initiating Party." The notice shall name the noticing Party's arbitrator and shall contain a statement of the issue(s) presented for arbitration. Within fifteen (15) Days of receipt of a notice of arbitration, the Non-Initiating Party shall name its arbitrator by written notice. If the Non-Initiating Party fails to timely appoint the second arbitrator, the Initiating Party shall have the exclusive right to make such appointment. The two named arbitrators shall select the third arbitrator within fifteen (15) Days after the date on which the second arbitrator was named. Should the two arbitrators fail to agree on the selection of a third arbitrator within such fifteen (15) Day period the Parties, within five (5) Days thereafter, may apply to the Dallas, Texas office of JAMS for a list of three persons qualified, under both the standards established by JAMS and by this Section 12.2.1, to act as the third arbitrator (the "List"). If the Parties fail to make joint application to JAMS within such five (5) Day period, either Party may make such application individually. Any application to JAMS shall request that the List be provided within fifteen (15) Days of receipt of the application. By the tenth (10th) Day following the Business Day on which JAMS provides the List, the Initiating Party shall submit to JAMS and the Non-Initiating Party the name of one person that the Initiating Party wishes to strike from the List. On the first Business Day following the Day on which the Initiating Party submits the name of the Person it wishes to strike to the Non-Initiating Party, the Non-Initiating Party shall submit to JAMS and to the Initiating Party the name of one person that the Non-Initiating Party wishes to strike from the List. The person remaining on the List shall be the third arbitrator. All arbitrators appointed by the parties or by the two named arbitrators shall be qualified by education and experience within both the production and marketing segments of the natural gas industry to decide the issues presented for arbitration. The potential ar...