Arbitration Agreement, Simple Form
_______________, referred to as the 1st PARTY, and __________________, referred to as the 2nd PARTY, agree:
A dispute has arisen. The parties herewith agree that each shall forego litigation of the dispute and instead submit the dispute to final arbitration under the terms and conditions set forth herein.
The parties select ________________________________________ to act as the Arbitrator (s).
This Arbitration shall be governed by the laws of the State of __________ regarding Arbitration.
The Arbitrator (s) shall enter their final finding as a judgment in any court having jurisdiction between the parties.
The Arbitrator shall be compensated as follows:
This is the entire agreement between the parties, and this agreement may only be varied by a writing executed by the parties hereto.