Correct name in the Arbitration Agreement

Aug 6th, 2022
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How to correct name in the Arbitration Agreement

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lets talk about arbitration agreements there are a number of things that you know you should take into consideration if you have a large employee base that does not read English then you may want to consider whether it makes sense to have your arbitration agreement translated into that other language if youre using electronic signatures youll want to be able through some way to show that the employee is actually the one who signed the document electronically another key thing to remember is we really do recommend that you have arbitration agreements as a standalone document and then in terms of processing storage and retrieval I think its important are you able to quickly find and produce the arbitration agreement and then the Law changes so often its really important to have the arbitration agreement reviewed by legal counsel on a regular basis foreign [Music]

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The terms Arbitration Claimant or Petitioner refer to the party who brought the arbitration. The terms Arbitration Respondent or Defendant refer to the person or company that is being sued in the arbitration.
First, any valid arbitration agreement must reflect the conscious, mutual and free will of the parties to resort to arbitration and not to other means of dispute resolution, including State courts. The consent of both parties to submit their dispute to arbitration is the cornerstone of arbitration.
In the award, the arbitrators decide the claims and counterclaims presented by the parties. The arbitrators will also decide how to allocate FINRA forum fees. If the award requires a firm or a broker to take any actionlike making a paymentthen the firm or broker must comply and make the payment within 30 days.
What is meant by the term arbitration agreement? Section 7(1) of the Act provides that an arbitration agreement means an agreement by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not.
As mentioned above, the arbitration agreement must identify the parties, the existing or future dispute(s) andthe legal relationship (contractual or non-contractual) out of which the dispute(s) arose or might arise.
THE NEW BC ARBITRATION ACT 155 allowing arbitral tribunals in non-international arbitrations to also exercise an injunctive jurisdiction to maintain the status quo, prevent harmful or prejudicial actions being taken, preserve assets, preserve evidence, and order security for costs.
If the arbitration agreement is claimed to be invalid based on reasons such as error, fraud, or threat, the validity of the arbitration agreement will be governed by the law chosen by the parties, and in the absence of a choice of law, the law of the place of arbitration applied.

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