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AGREEMENT FOR MEDIATION
ADDENDUM TO EARNEST MONEY CONTRACT CONCERNING PROPERTY AT _______________________________________________
(Street Address and City)
The parties to the contract and any broker who signs this addendum agree to negotiate in good faith in an effort to resolve any dispute related to the contract that may arise between the parties or between a party and a broker
If the dispute cannot be resolved by negotiation, the dispute shall be submitted to mediation before resort to litigation.
NOTE: Mediation is a voluntary dispute resolution process in which the parties to the dispute meet with an impartial person, called a mediator, who would help to resolve the dispute informally and confidentially Mediators facilitate the resolution of disputes but cannot impose binding decisions. The parties to the dispute must agree before any settlement is binding.
(buyer, seller, agent, broker)
The form of this addendum has been approved by the Texas Real Estate Commission for use with similarly approved or promulgated contract forms. Such approval relates to this form only. No representation is made as to the legal validity or adequacy of any provision in any specific situations. It is not suitable for complex transactions.
ftp://MEDIAT~1.wpd (to download this form in WordPerfect document format)
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