Please find our Hi-Low Agreement below.
Hi-Low Agreement (Adobe� Acrobat
Required, get
it here)
The parties to this High/Low Arbitration Agreement are:
____________________________ by ____________________________;
____________________________ by ____________________________.
The parties hereby agree to participate in a binding arbitration
hearing pursuant to a
contract to Arbitrate dated _____________ and the Consolidated
Arbitration Rules of United States Arbitration & Mediation.
The following High/Low provisions shall be applicable:
ONE : The parties agree that the arbitration award shall not be above
a “High” figure
of $_____________ or below a “Low” figure of $_____________.
TWO: In the event that the amount of the arbitrator’s award is above
the “High”
figure, the parties hereby stipulate that the award shall be modified
to reflect an amount
equal to the amount of the “High” figure.
THREE : In the event that the amount of the arbitrator’s award is
below the “Low” figure, the parties hereby stipulate that the award
shall be modified to reflect an amount
equal to the “Low” figure.
FOUR: It is hereby agreed that the defendant will pay and the
claimant/plaintiff will
accept payment of the award amount rendered in accordance with this
High/Low
Agreement.
The following provisions must also be completed:
The terms of this High/Low Agreement ( ) are/( ) are not to be
disclosed to the
arbitrator prior to the award.
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NOTE: Nothing contained herein is intended to give legal advice. Individuals should always consult with an attorney before entering into a contract.