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A submission agreement (also called an agreement to arbitrate) is a written agreement between two parties that establishes the use of arbitration to settle a dispute (or any and all disputes) that may arise between them.
Submission Agreement: The Submission Agreement lists the parties in the arbitration case and confirms that FINRA will administer it. It also establishes that, if the case ends with a hearing, the parties all agree to abide by the arbitrators decisions.
An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting partys rights and obligations to a third party who was not originally a party to the contract.
A submission agreement is a contract between two parties that establishes the use of arbitration to settle any disputes that may arise between them. This type of contract is used when the contract parties have an agreement that does not already provide arbitration as an option for dispute resolution.
Performance Obligations: Material terms outline the specific obligations and performance requirements of each party. Failure to meet these terms can result in breaches and legal remedies, including damages or specific performance.
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The purpose of a submission agreement is to define and specify the scope of arbitration so as to enable the court later on to ensure that the arbitral award was issued within the limits specified by the parties.

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