Initiating Party definition
Examples of Initiating Party in a sentence
Initiating Party shall file a list of preferred Mediators listed in preference order, after striking any Mediator to which they have any factual objection.
Within 30 days of receipt of such notification, the Responding Party shall notify the Initiating Party of its answer to the Dispute, any counterclaim which it wishes to assert in the arbitration and the name and address of the arbitrator chosen by the Responding Party.
The party initially asserting the Dispute (the “Initiating Party”) shall notify the other party (the “Responding Party”) of the name and address of the arbitrator chosen by the Initiating Party and shall specifically describe the Dispute in issue to be submitted to arbitration.
If the Responding Party does not appoint an arbitrator during such 30-day period, appointment of the second arbitrator shall be made by the American Arbitration Association upon request of the Initiating Party.
The Initiating Party shall have the sole and exclusive right to select counsel for any such suit or action.