February 2007
What Leasing Counsel Need to Know About ArbitrationBy Charles F. Forer
Two years ago, Good Corp. (located in California) and Bad Corp. (located in Pennsylvania) entered into a leasing contract for some medical equipment. The agreement had an arbitration clause that stated that Good Corp. and Bad Corp. would arbitrate any disputes arising out of the agreement. They did not bother to spend time thinking about the details of the arbitration.
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