When Arbitration Required Sample Clauses
The "When Arbitration Required" clause defines the specific circumstances under which disputes between parties must be resolved through arbitration rather than through court litigation. Typically, this clause outlines the types of disagreements or claims that are subject to mandatory arbitration, such as contractual breaches or interpretation issues, and may specify any exceptions where court action is still permitted. Its core practical function is to ensure that certain disputes are handled in a private, streamlined, and potentially less adversarial forum, thereby reducing litigation costs and providing a clear process for conflict resolution.
When Arbitration Required. All disputes and differences between the parties, other than those seeking injunctive relief or a restraining order under this Agreement, or arising with respect to the use of Customer Information, PHI or Confidential Information under Articles VIII and IX, must be decided by arbitration in accordance with the rules of arbitration of the American Arbitration Association, regardless of the insolvency of either party, unless the conservator, receiver, liquidator or statutory successor is specifically exempted from an arbitration proceeding by applicable state law.
When Arbitration Required. All disputes and differences between the parties, other than those seeking injunctive relief or a restraining order under this Agreement must be decided by arbitration, in accordance with the rules of arbitration of the NASD, regardless of the insolvency of either party, unless the conservator, receiver, liquidator or statutory successor is specifically exempted from an arbitration proceeding by Applicable Laws.