Common use of Selection of Panel Clause in Contracts

Selection of Panel. The arbitration shall be conducted in Palo Alto, ------------------ California by three arbitrators acting by majority vote (the "Panel"). The parties involved in the arbitration shall jointly select the three arbitrators from a list provided by AAA. If the parties are unable to agree as to the Panel within 30 days after delivery of the Arbitration Demand Notice, the arbitrators shall be appointed by the AAA pursuant to the commercial arbitration rules of the American Arbitration Association, as amended from time to time (the "AAA Rules"). If an arbitrator so selected or appointed becomes unable to serve, his or her successor shall be similarly selected or appointed. Notwithstanding the foregoing, if the affected parties agree, the Panel may consist of one arbitrator jointly selected by the affected parties. The Panel shall be the sole judge of the existence and extent of its jurisdiction.