Common use of Electing Arbitration Clause in Contracts

Electing Arbitration. To the extent permitted by the Federal Arbitration Act (the "FAA") and any other applicable law, arbitration may be elected by either party with respect to any Claim, even if that party has already initiated a lawsuit with respect to a related or different Claim. Arbitration is elected by giving a written demand for arbitration to the other party, by filing a motion to compel arbitration in a Massachusetts court or by initiating an arbitration against the other party.

Appears in 6 contracts

Sources: Consumer Banking Services Agreement, Consumer Banking Services Agreement, Business Banking Services Agreement