Standard Arbitration Provision
Standard Arbitration Provision For Inclusion In Contracts and Settlement Agreements. It provides for the resolution of disputes under such agreements before the Chicago Rabbinical Council.
Arbitration and Governing Law
Any controversy or claim arising out of or related to this Agreement, or the breach thereof, shall be settled by binding arbitration in front of a Beth Din (rabbinical arbitration panel) panel, in Chicago, Illinois, consisting of a first dayan (rabbinic arbitrator) appointed by the claimant, a second dayan appointed by the respondent, and a third dayan appointed by the first two dayanim (rabbinic arbitrators) selected by the parties, and judgment rendered by such Beth Din panel may be entered by any court having jurisdiction thereof. Within two (2) weeks after the initial notice has been sent by claimant appointing the first dayan, the respondent shall submit the name of the second dayan, and the two dayanim shall select the third dayan within thirty (30) days thereafter. The parties shall present their case before these three dayanim, constituting the Beth Din panel, within fifteen (15) days after the appointment of the Beth Din panel, and the Beth Din panel shall render a decision on the dispute within thirty (30) days after the hearing. Any selection of dayanim pursuant to this provision shall be in writing with notice to the other party and the relevant arbitrators who have been selected at the time of such notice, and shall include a citation of this provision. Unless otherwise agreed to in writing by the parties, the internal rules and procedures of such Beth Din panel, which shall be consistent with the procedural requirements of the Illinois arbitration statutes, shall be determined by the third dayan. In no event shall any dispute between the parties arising out of or related to this Agreement be subject to any dispute resolution procedure except as explicitly set forth in this section, without limitation, the filing of any action, complaint or proceeding in any federal, state or local court.
This Agreement shall be governed by and construed in accordance with the laws of the State of Illinois, without reference to its conflicts of laws principles.