Arbitration Agremeent
All disputes arising out of this Agreement shall be resolved by binding arbitration under the rules of Judicial Arbitration as contained in California Civil Code of Procedure Section 1280 et. seq., which shall not include the right to formal discovery including depositions of parties and third party witnesses, subpoena duces tecum, form interrogatories, special interrogatories, rights of inspection and the Arbitrator shall not have the authority to order the same.
The forum for the arbitration shall be either, American Arbitration Association, Adjudicate West, Judicial Arbitration and Mediations Services of California (JAMS) or an arbitrator appointed by a court of law of property jurisdiction. The party first filing for arbitration shall select which of the above forums to use.
The award of the arbitrator shall be binding and either party may petition a court of competent jurisdiction to convert the award to an enforceable court judgment. A court of competent jurisdiction shall have the power to issue interim orders as the court deems appropriate to maintain the status quo pending the issuance of the award and or judgment. Each party shall pay their own Arbitration expenses, including legal fees, arbitrator's fees and arbitration administrative fees regardless of which side is the prevailing party and the arbitrator shall not have the authority to award such costs and or expenses to either side.