A clause stating that in case of a disagreement regarding the amount of a claim, each party (the insured and the insurer) will appoint an appraiser, who will then select an umpire. An amount will then be determined by at least two of the three, and this settlement will be binding.
Related information about arbitration clause:
- Arbitration clause - Wikipedia, the free encyclopedia
An arbitration clause is a commonly used clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although such a ...
- Arbitration Clause
A business contract, lease or other written contract may contain an arbitration clause. By using such a clause, the parties to the contract agree to arbitrate any ...
- Arbitration Clauses in Contracts | Nolo.com
Arbitration is the most commonly used method of alternative dispute resolution ( ADR), and you'll find an arbitration clause in the fine print of all kinds of contracts ...
- arbitration clause - The Free Dictionary
Noun, 1. arbitration clause - a clause in a contract providing for arbitration of disputes arising under the contract. clause, article - a separate section of a legal ...
- JAMS Arbitration, Mediation, and ADR Services | Arbitration Clause ...
JAMS dispute resolution clauses for commercial contracts. Mediation clauses. Arbitration clauses. International arbitration clauses.
- Blog Archive » My Version of the AAA Standard Arbitration Clause
Aug 30, 2009 ... Here's the standard arbitration clause recommended by the American Arbitration Association, as stated in the AAA commercial arbitration rules ...
- Editorial - Beware the Arbitration Clause - NYTimes.com
Jun 26, 2010 ... The Supreme Court has made the binding arbitration process more onerous by requiring that the fairness of a disputed arbitration clause be ...
- drafting arbitration clauses - American Arbitration Association
From time to time, someone tries to define what a perfect arbitration clause would look like ... applies to the arbitration clause (as it often does), it will preempt any ...