When including an arbitration clause in a contract, try to be as explicit and specific as possible. At the very least, your arbitration clause should include whether the arbitration is to be binding or non-binding, the jurisdiction (i.e., state or country) under which the arbitration will be conducted, and information regarding confirmation of an arbitration decision/award.
Standardized, form arbitration clauses will be sufficient for most contracts – and can be modified to suit the particular circumstances of your contract – but if you believe that you will require a more complex arbitration clause, it is recommended that you seek the counsel of a qualified attorney.
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Arbitration is an effective, alternative means for resolving contract disputes that avoids the inefficiencies, expense, and frustrations commonly associated with the traditional litigation process. To make use of either binding or non-binding arbitration, just include a proper arbitration clause in your SignatureConfirm contract – do discuss this decision with the other contracting parties to ensure that arbitration is acceptable to all parties.