Small Claim definition
Examples of Small Claim in a sentence
In case where neither the claim nor any counterclaim exceeds the sum of USD50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claim Procedure current at the time when the arbitration proceedings are commenced.
Notwithstanding Section 14 and Section 15 above, I understand and agree that if any dispute arises in which the dollar amount involved is $8,000 or less (excluding costs, interest and attorneys’ fees) (a “Small Claims Dispute”), I am not obligated to attempt to informally resolve or to arbitrate a Small Claim Dispute.
Advisor must receive written approval from Client to spend more than one (1) hour of time performing its services on any Small Claim.
Except as otherwise provided in this sentence, in no event shall the Principal Members have an indemnification obligation hereunder to Buyer in connection with any individual claim where the Damages are less than $7,500 ("Small Claim") and any Small Claim shall not count towards the determination of the Principal Members Basket; provided, however, that such limitation shall not apply to claims for indemnity pursuant to subparagraphs (c), (e), (f) or (g) of Section 14.2.
Any dispute or claim arising out of or related to this Agreement that the Parties agree involves an amount less than $10,000 (or the maximum jurisdictional limit of the court) must be heard in the Small Claim Division of the Court in the county where Property is located.