Common use of Counterclaim Clause in Contracts

Counterclaim. The deadline for filing any counterclaim shall be the date on which the defendant files its statement of defense. For good cause shown, the arbitrator may extend the deadline for submitting a counterclaim, provided that such an extension does not unreasonably delay the arbitration. The requirements of section 1.2 with regard to the statement of claim shall also apply to a counterclaim.