Illinois HB2408 amends the Uniform Arbitration Act to address fees, costs, and breaches in arbitration agreements.
HB2408 amends the Uniform Arbitration Act to introduce new provisions regarding fees, costs, and breaches in arbitration agreements. It mandates that if fees or costs to initiate or continue an arbitration are not paid within 30 days, the drafting party is in material breach of the arbitration agreement. The bill outlines actions an employee or consumer can take if the drafting party breaches the agreement, including withdrawing the claim and proceeding in court or compelling arbitration.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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