| 5. Section 9(a) also includes a content requirement that the |
initiating party inform the other parties of "the nature of |
the controversy and the remedy sought." Similar requirements |
are found in the Florida and Indiana statutes and in the |
arbitration rules of organizations such as the American |
Arbitration Association, the Center for Public Resources, |
JAMS, NASD Regulation, Inc., and the New York Stock Exchange |
(although slightly different language may be used in the |
organizations' rules). This language in Section 9(a) is |
intended to insure that parties provide sufficient information |
in the notice to inform opposing parties of the arbitration |
claims while recognizing that this notice is not a formal |
pleading and that persons who are not attorneys often draft |
such notices. |