What do you understand by a Scott V. Avery clause in business contracts?

shabana
Asked Nov 07, 2010
Edited Nov 07, 2010
An Avery clause in a contract is an agreement among the parties to the contract that any disputes that arise from the contract will be decided by arbitration rather than by a lawsuit.

The clause is especially valuable when the contract involves complicated business relationships that would be difficult to explain to a judge or jury. An arbitrator that has a clear understanding can provide a fair answer quickly.
Rob
Answered Nov 07, 2010

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