Mutual Arbitration Agreement
Mutual Arbitration Agreement
This Mutual Arbitration Agreement (“Agreement”) is entered into by and between the undersigned parties as of the date of execution provided below. The purpose of this Agreement is to resolve disputes arising between the parties in a manner that reduces or avoids the costs, dislocations, and inconveniences of formal litigation, while also ensuring fairness.
1. Scope of Agreement
1.1 Covered Disputes
This Agreement covers all disputes or claims between the parties, including but not limited to those arising from or related to their employment, business relationships, or any other mutual engagements.
1.2 Exclusions
This Agreement does not cover claims for workers' compensation, unemployment insurance, state disability insurance, or any other disputes excluded by applicable law.
1.3 Survival of Agreement
This Agreement survives any termination or expiration of the relationship between the parties and applies to all applicable disputes arising before, during, or after said relationship.
2. Arbitration Procedures
2.1 Initiation of Arbitration
Either party may initiate arbitration under this Agreement by delivering a written notice of arbitration to the other party. The notice must describe the nature of the dispute and the relief sought.
2.2 Selection of Arbitrator
The arbitration will be conducted before a neutral arbitrator agreed upon by the parties. If the parties cannot agree on an arbitrator, either may petition a court of competent jurisdiction to appoint an arbitrator.
2.3 Arbitration Rules
Unless otherwise agreed, the arbitration shall be conducted in accordance with the rules of the American Arbitration Association (AAA) or another mutually agreed arbitration body.
2.4 Location and Timing
The arbitration will be conducted in a location mutually convenient for the parties. The parties agree to make reasonable efforts to conclude the arbitration within a set time frame as determined at the commencement of the arbitration process.
3. General Provisions
3.1 Confidentiality
All statements, documents, and submissions made during the arbitration process shall remain confidential and may not be disclosed beyond the participants in the arbitration process.
3.2 Governing Law
The validity, interpretation, and performance of this Agreement shall be governed by the laws of the state where the arbitration takes place, without regard to conflict of laws principles.
4. Signatures
By signing below, both parties acknowledge that they have read and understood this Agreement and agree to be bound by its terms.
[Your Name]
GazeGuru
