Orange County NC Website
9.17 Exeaution in C��i�te arts. This A�:•eement n��v be executed in any nurn6er of counterparts, each <br /> af whreh shall he de�med to be an origulal, and ail of sueh counterparts shall canstitute one Agreement. To <br /> facilitafe execution of this A��eai�lent;the pai�ties may exacute and exchanbe by telephone facsimi�e counterparfs of <br /> the signature pages. <br /> 9_i$ Ai•bitratian a�zd Mediaiioii. Any disputa betwean Purchaser and 5eller, whether sounding in <br /> contract, tart, or ot3iarwise, sha11 !�e resotved by t�indil3�arbitration. tJniess the partizs agree to usa other rules, or <br /> the arbiEra�or deerns at�er �ules ta be appli�able, the arbitration shaPi be epnducied in accardance with the <br /> Constnlc�ion Indtist�3z A�-bit���tion Rules o�'the Ameriean Arbitration:4.ssociatian {"AAA") 9n eff'ect at the time the <br /> den�and far arbitcation is f'rled, and either the Federal Arbitration A.ct (Title 9, U.S. Code} or the applicabie state <br /> arbitration statute. Svch claims,disputes or causes of action, inctude, but are not li�nited to,those arising aut of this <br /> Agreea�ent and any ath�r rights,obEigations or agreeme��ts between Purchaser and Seller relating to this A�reement <br /> or the Property("the Bispute"). After a de��3and for arbitration has been�Ied and the filing fee paid, any party may <br /> require that the I�ispute be sub�nitted to mediat'son prior to cammencement of the ftnai arbitra�ian l�earing, If tlie <br /> Dispute is nat resoived by niediation, t1�en ttte arbitration proceeding sltali continue ta conclusion. The arbitratian <br /> award ar decision may be ca�lfirined, enCered and enfarced as a judgme�st in a court having j«risdiction, subject to <br /> appeal only ut the event af the a�•bitratar's n�isappiicatic�n af the lativ,no evidenca to support the award,ar such other <br /> grounds far appeal of arbitration a��=axds that exist by seat�zta, commfln Iaw ar the applicable ruies. This arhitration <br /> provision sha(I survive closing, breach or ter�ninatfon of this A,�t•eement and shall not be superseded by�he doctrine <br /> of n�erger. <br /> -I4- <br />