Common use of BINDING ARBITRATION CLAUSE Clause in Contracts

BINDING ARBITRATION CLAUSE. SAMPLE If the PURCHASER and the ADMINISTRATOR/PROVIDER fail to agree on any matter concerning this CONTRACT, both parties hereby agree to submit to have the matter settled through arbitration. Utilizing the Streamlined Arbitration Rules Of The National Arbitration Association, the PURCHASER and the ADMINSTRATOR/PROVIDER will each select an arbitrator and the two arbitrators selected in this fashion will select a third arbitrator. The decisions of any two of the three arbitrators is final and will be binding upon the PURCHASER and the ADMINISTRATOR/PROVIDER. The costs of the arbitration are to be bound equally by the parties and each party is responsible for their own legal representation costs if they should choose to be represented by an attorney. Class wide arbitration is not permitted under this contract.

BINDING ARBITRATION CLAUSE. SAMPLE If the PURCHASER and the ADMINISTRATOR/PROVIDER fail to agree on any matter concerning this CONTRACT, both parties hereby agree to submit to have the matter settled through arbitration. Utilizing the Streamlined Arbitration Rules Of The National Arbitration Association, the PURCHASER and the ADMINSTRATORADMINISTRATOR/PROVIDER will each select an arbitrator and the two arbitrators selected in this fashion will select a third arbitrator. The decisions of any two of the three arbitrators is final and will be binding upon the PURCHASER and the ADMINISTRATOR/PROVIDER. The costs of the arbitration are to be bound equally by the parties and each party is responsible for their own legal representation costs if they should choose to be represented by an attorney. Class wide arbitration is not permitted under this contract.

BINDING ARBITRATION CLAUSE. SAMPLE If the PURCHASER and the ADMINISTRATOR/PROVIDER fail to agree on any matter concerning this CONTRACT, both parties hereby agree to submit to have the matter settled through arbitration. Utilizing the Streamlined Arbitration Rules Of The National Arbitration Association, the PURCHASER and the ADMINSTRATOR/PROVIDER will each select an arbitrator and the two arbitrators selected in this fashion will select a third arbitrator. The decisions of any two of the three arbitrators is final and will be binding upon the PURCHASER and the ADMINISTRATOR/PROVIDER. The costs of the arbitration are to be bound equally by the parties and each party is responsible for their own legal representation costs if they should choose to be represented by an attorney. Class wide arbitration is not permitted under this contract.