Listed below are sample paragraphs that can be added to any business contract. This clause requires that any disagreement between the parties related to the contact be resolved through binding arbitration (instead of litigation) with Arbitration Resolution Services, Inc.
Please choose the one you are most comfortable with and customize or change the form to make it specific to your company:
All claims and disputes arising under or relating to this Agreement are to be settled by binding arbitration with Arbitration Resolution Services (ARS). The parties expressly agree to abide by any and all rules of ARS as found in their web site at www.arbresolutions.com. In the event that a party fails to pay any award, the award may be converted to judgment in a Court of competent jurisdiction.
All claims and disputes arising under or relating to this Agreement are to be settled by binding arbitration. The arbitration shall be conducted by Arbitration Resolution Services, Inc. (ARS) and the parties shall be bound by any and all rules of ARS and any award/decision rendered. ARS rules can be found at www.arbresolutions.com. Any decision or award as a result of any such arbitration proceeding shall be in writing and shall provide an explanation for all decisions. Any such arbitration shall be conducted by an arbitrator experienced in [insert industry or legal experience required for arbitrator]and shall include a written record of the arbitration hearing. An award of arbitration may be confirmed in a court of competent jurisdiction.