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Arbitration clause

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Definition Edit

An arbitration clause is a clause in a contract that specifies that some or all disputes arising under or in connection with the contract will be resolved by arbitration.

Sample clauses Edit

Unless otherwise agreed in writing, all disputes relating to this Agreement (excepting any dispute relating to intellectual property rights) shall be subject to final and binding arbitration in Santa Clara County, California, under the auspices of JAMS/EndDispute, with the losing party paying all costs of arbitration.[1]
Any controversy arising out of, or relating to, this contract or any modification or extension thereof, including any claim for damages or rescission, or both, shall be settled by arbitration in accordance with the rules then obtaining of the American Arbitration Association.

References Edit

  1. Specht v. Netscape Comm. Corp., 306 F.3d 17, 24 (2d Cir. 2002) (full-text).

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