SAMPLE DISPUTE RESOLUTION CONTRACT PROVISION (COMMERCIAL)


Arbitration

The parties agree that any dispute or controversy, arising out of or in connection with this Agreement or any alleged breach thereof, shall be resolved by final and binding Arbitration administrated by National Arbitration and Mediation ("NAM") in accordance with NAM's Comprehensive Dispute Resolution Rules and Procedures and the Fee Schedule in effect at the time the claim is filed with NAM. Any award of the Arbitrator(s) is final and binding, and may be entered as a judgment in any court of competent jurisdiction. NAM can be contacted at 800-358-2550. att: Commercial Claims Dept., to respond to any questions regarding the Arbitration process, as well as to request a copy of NAM's current Comprehensive Dispute Resolution Rules and Procedures and Fee Schedule.


Mediation

The parties agree that any dispute or controversy, arising out of or in connection with this Agreement or any alleged breach thereof, shall be subject to mediation if all parties agree thereto. If the parties mutually agree to submit to Mediation, any such Mediation shall be administrated by National Arbitration and Mediation ("NAM") and governed by their Comprehensive Dispute Resolution Rules and Procedures and the Fee Schedule in effect at the time such claim is filed with NAM. NAM can be contacted at 800-358-2550, att: Commercial Claims Dept., to respond to any questions regarding the Mediation process, as well as to request a copy of NAM's current Comprehensive Dispute Resolution Rules and Procedures and Fee Schedule.

These clauses are provided merely as a reference point and NAM encourages that independent legal advice is sought for the purposes of preparing an Arbitration or Mediation pre-dispute provision.

© 2010 National Arbitration and Mediation (NAM), Inc. All rights reserved.

www.namadr.com