Draft a contract clause regarding this topic:
• Dispute Resolution Clause
Write a 230-260 word paper including the following:
• Introduction
• Discuss the elements necessary to form a valid contract using the contract clause as an example.
I have with the help of the American Arbitration Association's website the attached basic dispute resolution clause, specifically an arbitration clause. There are all kinds of adjustments that can be made to these things. So keep that in mind while writing this paper. see below:
Dispute resolution clause for arbitration.
If a dispute arises from or relates to this contract or the breach thereof, and if the dispute cannot be settled through direct discussions, the parties agree to endeavor first to settle the dispute by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures before resorting to arbitration. The parties further agree that any unresolved controversy or claim arising out of or relating to this contract, or breach thereof, shall be settled by arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
Claims shall be heard by a single arbitrator.
American Arbitration Association, Dispute Resolution Clause, Created and retrieved fromhttps://www.clausebuilder.org on March 4, 2016.