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Forced Arbitration Agreement
"I need a Forced Arbitration Agreement for my Swiss technology company to use with all new employees starting from January 2025, with proceedings to be conducted in English and arbitration seat in Geneva."
1. Parties: Identification of all parties entering into the arbitration agreement, including their full legal names, addresses, and registration details if applicable
2. Background: Context of the agreement and the relationship between the parties
3. Definitions: Key terms used throughout the agreement, including specific arbitration-related terminology
4. Agreement to Arbitrate: Clear and explicit statement of the parties' agreement to submit disputes to arbitration, including the scope of arbitrable matters
5. Arbitration Rules and Procedures: Specification of the applicable arbitration rules (e.g., Swiss Rules, ICC Rules) and basic procedural framework
6. Seat of Arbitration: Designation of the place of arbitration within Switzerland and the governing law of the arbitration agreement
7. Language of Arbitration: Specification of the language(s) in which the arbitration will be conducted
8. Number and Appointment of Arbitrators: Process for selecting arbitrators and the size of the arbitral tribunal
9. Costs and Fees: Allocation of arbitration costs and fees between the parties
10. Confidentiality: Obligations regarding confidentiality of the arbitration proceedings and related documents
11. Final and Binding Nature: Confirmation that the arbitral award will be final and binding on the parties
12. Execution: Signature blocks and execution formalities
1. Emergency Relief: Procedures for seeking emergency relief or interim measures, recommended for complex commercial relationships
2. Multi-tier Dispute Resolution: Including mediation or negotiation steps before arbitration, useful for ongoing business relationships
3. Joinder and Consolidation: Provisions for adding parties or consolidating related arbitrations, relevant for multi-party business relationships
4. Document Preservation: Requirements for maintaining relevant documents, important in document-intensive disputes
5. Specific Industry Provisions: Industry-specific arbitration requirements or procedures, necessary for regulated industries
6. Appeals Process: Any agreed procedure for challenging the award within the limits of Swiss law, though rarely included
7. Severability: Provision ensuring survival of valid parts if others are found invalid, recommended for complex agreements
1. Schedule 1 - Arbitration Rules: Detailed procedural rules chosen by the parties, if not referring to institutional rules
2. Schedule 2 - Fee Schedule: Detailed breakdown of arbitration costs, administrative fees, and arbitrator compensation
3. Schedule 3 - Notice Requirements: Specific requirements for serving notices and communications related to the arbitration
4. Appendix A - Model Notice of Arbitration: Template for initiating arbitration proceedings
5. Appendix B - Arbitrator Qualifications: Specific qualifications or expertise required for arbitrators
6. Appendix C - Time Limits Overview: Summary of all time limits and deadlines in the arbitration process
Authors
Financial Services
Banking
Insurance
Manufacturing
Technology
Professional Services
Healthcare
Construction
Real Estate
Retail
Telecommunications
Energy
Transportation
Hospitality
Education
Consulting
Legal
Human Resources
Compliance
Risk Management
Procurement
Operations
Executive Leadership
Business Development
Contract Administration
Corporate Affairs
Employee Relations
Chief Legal Officer
General Counsel
Legal Director
HR Director
Chief Human Resources Officer
Compliance Officer
Risk Manager
Contract Manager
Legal Counsel
Employment Lawyer
Corporate Lawyer
Business Development Director
Procurement Manager
Operations Director
Chief Executive Officer
Chief Operating Officer
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