Are you in need of a Demand For Arbitration Letter Sample? Look no further! Below, you will find examples of Demand For Arbitration Letter Samples that you can use and modify as needed.
Understanding the Need for Demand For Arbitration Letter Sample
When disputes arise between parties that cannot be resolved through negotiation or mediation, arbitration is often used as an alternative dispute resolution method. In such cases, a Demand For Arbitration Letter is necessary to formally initiate the arbitration process. This letter serves as a formal request to the other party to participate in arbitration proceedings to resolve the dispute.
- Key points to consider when drafting a Demand For Arbitration Letter:
- Clear and concise explanation of the dispute
- Reference to the arbitration agreement or clause
- Request for arbitration proceedings to commence
- Proposed arbitrator or arbitration organization
- Deadline for response
Example of Demand For Arbitration Letter Sample:
Dear [Recipient’s Name],
I am writing to formally demand arbitration in relation to the dispute between [Your Company Name] and [Other Party’s Name]. Despite our best efforts to resolve this matter amicably, we have been unable to reach a satisfactory resolution.
As per the arbitration clause in our agreement dated [Date], we hereby request that arbitration proceedings commence as soon as possible. We propose [Name of Arbitrator/Arbitration Organization] to serve as the arbitrator in this matter.
We kindly request that you respond to this letter within [Number of Days] days to confirm your agreement to participate in arbitration. Failure to respond will be deemed as a refusal to arbitrate, and we will proceed accordingly.
Sincerely,
[Your Name]