In recent years the expense and delay of pursuing a lawsuit in court have pushed many to opt for binding arbitration. Under binding arbitration a dispute is removed from the court system and reviewed by a neutral and independent arbitrator. Arbitration provides a cheaper and faster alternative to the court system.

There are generally two kinds of arbitration agreements: pre-dispute and post-dispute. Pre-dispute arbitration agreements set forth the understanding that any dispute arising from a particular transaction or relationship shall be heard before an arbitrator. The specific dispute in this context is generally hypothetical. In post-dispute arbitration agreements, the dispute has already occurred and the parties specifically agree to remove the dispute from the court system and bring it before a neutral arbitrator. This Post-Dispute Arbitration Agreement is for use in this type of situation.

Among others, this Post-Dispute Arbitration Agreement contains the following provisions:

• Arbitration: The parties knowingly and willingly agree to arbitration to settle the dispute;
• Arbitrator: Identifies the independent arbitrator;
• Waiver of Claims: The parties agree that the dispute will be resolved solely through arbitration.

Protect your Rights and Property by using our professionally prepared up-to-date forms.

This lawyer-prepared packet includes:

1. General Information
2. Arbitration Agreement (Post-Dispute) for use in Australia

Law Compliance: This form complies with the state and territory laws of Australia