Common use of Termination of Arbitration Clause in Contracts

Termination of Arbitration. Neither party may unilaterally withdraw from this Agreement at either the mediation or arbitration stage. The parties may only terminate this Agreement by joint consent in writing and it will only be effective after the Mediator/Arbitrator’s outstanding accounts have been paid in full. The Mediator/Arbitrator may, at his discretion, proceed with an arbitration as provided in the Agreement notwithstanding that the mediation has been unsuccessful or that one of the parties no longer wants to participate in the arbitration. The Mediator/Arbitrator may also, in his discretion, terminate the mediation or arbitration for a party’s failure to comply with these terms (in particular, the production of evidence) or the retainer as set out in Schedule “C”.