Drafting arbitration clauses: Avoiding the 7 deadly sins

From: Dispute Resolution Journal | Date: February 1, 2003| Author: | Copyright information

Too often, drafters of arbitration agreements attempt to reinvent the wheel. There are time-tested arbitration clauses that work well and are easily adapted to transactions the parties plan to enter. John Townsend tells drafters how to avoid the most common pitfalls-or deadly sins-and how to draft the clause the right way. In so doing, drafters can steer clear of such problems as over-specificity, ambiguity, conflicting clauses, and other problems.

From time to time, someone tries to define what a perfect arbitration clause would look like. Efforts to do so usually founder on one of the ...

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