Document background
The Arbitration And Mediation Agreement serves as a crucial document for parties seeking to establish an efficient and private dispute resolution mechanism outside the traditional court system. This agreement is designed for use in Canadian business relationships where parties wish to first attempt mediation before proceeding to binding arbitration. It incorporates requirements from both federal legislation (Commercial Arbitration Act) and provincial arbitration laws, ensuring enforceability across Canadian jurisdictions. The document is particularly valuable for commercial relationships where confidentiality, speed, and flexibility in dispute resolution are priorities. It includes comprehensive provisions for both mediation and arbitration processes, appointment of neutrals, procedural rules, costs, and enforcement mechanisms, while allowing customization to specific business needs and circumstances.
