Party 1 (the Proposer) lodges a unilateral and conditional offer for the conclusion of an arbitration agreement through the sArb website. All it takes is inserting the details about the parties and about the underlying contract into the form below and pressing ‘Submit’.
sArb generates the Arbitration Agreement and organises the taking of signatures via a reliable electronic signature process.
The offer is ‘unilateral and conditional’ because in order for it to become an agreement, the Counterparty must also consent within a stated delay. If there is no consent by the Counterparty within that delay, the offer simply lapses and the process is voided.
sArb automatically sends out a message to the ‘Counterparty’ describing BIAC and the sArb process and indicating that the Proposer has offered to enter an arbitration agreement by means of sArb. The Counterparty is given the option to also consent by signing onto the Arbitration Agreement in the same manner as the Proposer.
All consents will be expressed electronically, online, by secured and reliable document signature systems. The document electronic ‘envelopes’ are circulated to the parties safely and securely.
Nothing stops the parties from signing physical documents and using ‘snail mail’, if they so wish. But the sArb process makes agreement quasi-instantaneous with electronic document signature collection and automated delivery.
If the Counterparty agrees and signs within the stated delay, then the system writes back to both parties indicating that the agreement has been reached and that the process is completed. Similarly, if no response is obtained on time, then no agreement ensues, and the process is voided.
All fields are mandatory.