Arbitration Required. Any dispute or claim that arises out of or that relates to this agreement or to the interpretation or breach thereof, or to the existence, validity, or scope of this agreement or the arbitration agreement shall be resolved by binding arbitration in accordance with the then effective arbitration rules of the Better Business Bureau in Minnesota, and judgment upon the award rendered pursuant to such arbitration may be entered in any court having jurisdiction thereof. Filing a claim for arbitration shall be treated the same as filing in court for purposes of meeting any applicable statutes of limitation or statute of ultimate repose, and for purposes of filing a lis pendens. The provisions of this Section 15.17 shall survive Closing or earlier termination of this transaction.
Appears in 2 contracts
Sources: Contract of Sale, Contract of Sale