Common use of Sole Arbitrator Clause in Contracts

Sole Arbitrator. Where the parties agree that a sole arbitrator is preferred to a panel, the party requiring arbitration will submit to the other party with the notice of arbitration, a list of three (3) suggested arbitrators. The other party shall either agree to one (1) of the three (3) or submit three (3) different arbitrators. In the event the party submitting the matter to arbitration is unwilling to agree to these three (3), the parties shall arrange a lottery from amongst the six (6) arbitrators, drawing all six (6), in turn, and then requesting the arbitrators in the same order to hear the case. If the first arbitrator drawn is unable to convene a hearing within one month, the matter is sent to the second arbitrator drawn. The process will continue in that fashion until an available arbitrator has been found from amongst the six (6) or all of the six (6) arbitrators have been contacted in turn. If none of the six (6) arbitrators is able to convene a hearing within one (1) month the parties will remit the matter to the arbitrator that is available soonest.

Sole Arbitrator. Where the parties Parties agree that a sole arbitrator is preferred to a panel, the party requiring arbitration will submit to the other party with the notice of arbitration, a list of three (3) suggested arbitrators. The other party shall either agree to one (1) of the three (3) or submit three (3) different arbitrators. In the event the party submitting the matter to arbitration is unwilling to agree to these three (3), the parties shall arrange a lottery from amongst the six (6) arbitrators, drawing all six (6), in turn, and then requesting the arbitrators in the same order to hear the case. If the first arbitrator drawn is unable to convene a hearing within one month, the matter is sent to the second arbitrator drawn. The process will continue in that fashion until an available arbitrator has been found from amongst the six (6) or all of the six (6) arbitrators have been contacted in turn. If none of the six (6) arbitrators is able to convene a hearing within one (1) month the parties will remit the matter to the arbitrator that is available soonest.