Common use of Binding Arbitration Agreement Clause in Contracts

Binding Arbitration Agreement. BY USING YOUR PRODUCT, YOU AGREE TO THIS ARBITRATION AGREEMENT, SUBJECT TO YOUR RIGHT TO OPT-OUT AS DESCRIBED BELOW. UNLESS YOU HAVE BROUGHT AN ELIGIBLE CLAIM IN SMALL CLAIMS COURT OR HAVE OPTED OUT AS DESCRIBED BELOW, THE PARTIES AGREE ANY CONTROVERSY OR CLAIM RELATING IN ANY WAY TO YOUR PRODUCT, INCLUDING ANY CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THE WARRANTY DESCRIBED IN SECTION 10, A BREACH OF SUCH WARRANTY, THE INTERPRETATION, SCOPE, OR VALIDITY OF THIS AGREEMENT, AND/OR THE PRODUCT’S SALE, CONDITION OR PERFORMANCE, WILL BE BROUGHT IN ARBITRATION SETTLED BY BINDING ARBITRATION ADMINISTERED BY NATIONAL ARBITRATION AND MEDIATION AND CONDUCTED BY A SINGLE ARBITRATOR APPOINTED BY NATIONAL ARBITRATION AND MEDIATION, IN ACCORDANCE WITH ITS COMPREHENSIVE DISPUTE RESOLUTION RULES AND PROCEDURES, FEES FOR DISPUTES WHEN ONE OF THE PARTIES IS A CONSUMER, AND MASS FILING SUPPLEMENTAL DISPUTE RESOLUTION RULES AND PROCEDURES.

Binding Arbitration Agreement. BY USING YOUR PRODUCT, YOU AGREE TO THIS ARBITRATION AGREEMENT, SUBJECT TO YOUR RIGHT TO OPT-OUT AS DESCRIBED BELOW. UNLESS YOU HAVE BROUGHT AN ELIGIBLE CLAIM IN SMALL CLAIMS COURT OR HAVE OPTED OUT AS DESCRIBED BELOW, THE PARTIES AGREE ANY CONTROVERSY OR CLAIM RELATING IN ANY WAY TO YOUR PRODUCT, INCLUDING ANY CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THE WARRANTY DESCRIBED IN SECTION 10, A BREACH OF SUCH WARRANTY, THE INTERPRETATION, SCOPE, OR VALIDITY OF THIS AGREEMENT, AND/OR THE PRODUCT’S SALE, CONDITION OR PERFORMANCE, WILL BE BROUGHT IN ARBITRATION SETTLED BY BINDING ARBITRATION ADMINISTERED BY NATIONAL THE AMERICAN ARBITRATION AND MEDIATION ASSOCIATION AND CONDUCTED BY A SINGLE ARBITRATOR APPOINTED BY NATIONAL THE AMERICAN ARBITRATION AND MEDIATIONASSOCIATION, IN ACCORDANCE WITH ITS COMPREHENSIVE DISPUTE RESOLUTION COMMERCIAL ARBITRATION RULES AND PROCEDURES, FEES ITS SUPPLEMENTARY PROCEDURES FOR DISPUTES WHEN ONE OF THE PARTIES IS A CONSUMER, AND MASS FILING SUPPLEMENTAL DISPUTE RESOLUTION RULES AND PROCEDURES-RELATED DISPUTES.