ArbItRite®  Agreement for Commercial Disputes

,ArbItRite®   Commercial Dispute Agreement
Each of the undersigned Parties agrees as follows:
(1)The Parties shall submit their dispute for resolution by a Panel of three (3) neutrals selected by ArbItRite®  for their expertise in the legal\business fields implicated by the dispute.
  • a.Neutral A, an experienced claimants’ attorney, will present the Claimant’s position.
  • b.Neutral B, an experienced respondents’ attorney, will present the Respondent’s position.
  • c.Neutral C, selected from a pool of retired judges, will resolve any disputes or ties.
The Panel will decide the dispute and prepare a single, [_] (If checked) written Opinion setting forth the reasons for the decision, with appropriate citations to relevant case law; or,[_] (If checked) written Order concisely summarizing the decision. 

(2)The decision and written Opinion of the ArbItRite®  Panel will be rendered ____ business days from the submission date (specified below) and shall (depending upon the box checked below):
  • [_] be advisory only, and shall not be admissible in any other proceeding for any purpose. 
  •  -or-
  • [_] be a final, non-appealable determination of the dispute between the parties that can be enforced as an arbitration award in any court of competent jurisdiction.

(3)Upon signing this Agreement the parties will pay a one-time, non-refundable fee of twenty-five thousand ($25,000) dollars for this dispute resolution service. (* If more than 2 parties, use Multiparty Agreement)

(4)Claimant’s Concise Statement of Issues In Dispute : ___________________________________________________________________________________ (A PAGE MAY BE ATTACHED)
(5)Respondent’s Concise Statement of Issues in Dispute ___________________________________________________________________________________ (A PAGE MAY BE ATTACHED)

(6)The Parties will exchange and upload to the ArbItRite®  Secure Client Portal complete copies of the exhibits, that any party wishes to submit, from which all information identifying the parties or individual participants by name shall have been redacted.*
  • a.Alternatively, either Party may submit the foregoing documents to be redacted by ArbItRite’s confidential staff before submission to the Panel, for an additional fee ($5,000); and
  • b.This matter will be deemed submitted when all redacted documents have been received by the ArbItRite®  Panel, in accordance with the Procedures set forth at www.ArbItRite.com which will provide email notice of the Decision Date to each Party representative; and
  • c.The parties waive discovery and a hearing, but agree that, at the request of a Neutral, the Case Coordinator may contact the Undersigned Party's Representative to clarify any statement or exhibit submitted by that Party. All submitted documents will be destroyed 30 days after the Opinion and\or Order is rendered.
​(7) Neither ArbItRite® nor its Neutral(s) or affiliated person(s) shall be liable to any Party or its affiliate for any act or omission in connection with the dispute submitted pursuant to this Agreement, and the undersigned agree to defend, indemnify, and  hold  ArbItRite, its Neutrals and affiliates harmless against any loss, cost or expense, including attorneys fees,  incurred by reason of being joined by that party to any proceeding. No Party will attempt to compel the testimony of any  ArbItRite®  Neutral or affiliated person(s) in any judicial or arbitral proceeding related in any way to the said dispute. No Party will seek the production of any document or exhibit submitted to ArbItRite® and the Parties agree that no one affiliated with ArbItRite®  is a necessary party in any judicial or arbitral proceeding.

​The parties agree that any dispute related to or arising out of this agreement shall be submitted to ArbItRite.
This Agreement may be signed electronically or in counterparts all of which constitute the whole Agreement.
Claimant                                                                                                            Respondent

__________________________                                                                            __________________________
By its authorized representative                                                                By its authorized representative


Email:                                                                                                                     Email:              
Telephone:                                                                                                           Telephone:

Dated:                                                                                                                     Dated
If, despite redaction, a Neutral learns of facts that could give rise to a potential conflict of interest, that Neutral shall resign, and be replaced. The Parties acknowledge that they have read the materials at the Redaction and Conflict of Interest pages found at www.ArbItRite.com, which are hereby incorporated herein, and agree that these procedures sufficiently protect them against any potential conflict of interest.       Claimant's Initials _____    Respondent's Initials​____. ​​