Common use of Notice of Demand Clause in Contracts

Notice of Demand. No later than three (3) business days after the Initial Meeting, the complaining party may file a notice of demand for arbitration (the “Notice of Demand”) with the Regional Office of the American Arbitration Association (the “AAA”) nearest to the location of the Property and simultaneously give notice of such filing with a copy of the Notice of Demand to the other party. The Notice of Demand shall set forth the nature of the Disbursement Claim including the relief sought and the amount at issue.