Common use of Commencing an Arbitration Clause in Contracts

Commencing an Arbitration. The party electing arbitration must notify the other of such election. If you elect arbitration, you must notify us in writing at ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇., ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇. If we elect arbitration, we will notify you in writing at your last known address on file. The party electing arbitration is also responsible for initiating the arbitration process by contacting the designated arbitration administrator and following the procedural rules of the arbitration administrator.