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SCHEDULE OF FEES
Administrative Fee: $225.00 per party for mediation; $300.00 per party for arbitration.
The administrative fee includes coordination and scheduling time, use of Pinnacle’s facilities and complimentary snacks and beverages, document handling and exchange facilitation, copying, faxing, postage and administrative support. Courier service, express or overnight mail charges are not covered and will be invoiced to the party requesting or incurring same. Lunch will be provided upon request and invoiced to the parties at cost.
Neutrals Fee: Range- $150.00-$375.00 per hour.
Arbitrators and Mediators set their own hourly rate and professional time incurred by said neutral can include, but is not limited to preparation time, the mediation or arbitration session, extra sessions or follow-up time, and any expected research or reading time incurred. All neutrals shall be entitled to a minimum of two (2) hours time for the mediation or arbitration regardless of the actual time of the session. Please see Pinnacle’s Panel Fee List for the individual neutrals’ hourly rates. A portion of the arbitrator’s or mediator’s hourly rate is retained by Pinnacle as part of its administrative fee. Depending on the distance traveled, arbitrators and mediators may charge for travel time and expenses.
Cancellation Policy: Pinnacle does not charge an administrative fee if a case is withdrawn before an arbitration hearing or mediation session has been scheduled or confirmed. However, if a case settles or is withdrawn after Pinnacle has confirmed a date with the parties, and/or is cancelled less than five (5) business days before the scheduled session, Pinnacle will be entitled to it’s administrative fee and the neutral is entitled to a minimum (2) two-hour cancellation charge and/or may bill for any time actually spent on the case; which shall be the responsibility of the canceling party, unless otherwise agreed by the parties. A case that has been scheduled for more than one day which is cancelled, settled or withdrawn within five (5) business days of the confirmed date will be assessed a minimum (4) four-hour cancellation charge for the neutral in addition to any time actually incurred by the neutral and the administrative fee.
Payment Policy: All fees and expenses will be split between the parties as agreed. Pinnacle may require the parties to deposit such sums of money as deemed necessary to cover the expense of the proceeding, including the neutrals compensation and shall render an accounting to the parties at the conclusion of the matter, returning any balance due, if applicable. Otherwise, Pinnacle will bill the parties at the conclusion of the proceedings, and if requested will bill for said services in accordance with any agreement reached by the parties with respect to apportionment of said fees. All payments for fees must be received prior to the issuance of any arbitration award. Notwithstanding such agreement nothing therein shall be construed to relieve the parties and/or their attorneys/representatives from liability to Pinnacle in accordance with Pinnacle's Rules and the executed Mediation Agreement or Arbitration Contract which are incorporated herein by reference and the parties and their respective attorney(s) shall be jointly and severally liable for payment of fees and expenses, including any and all incidental costs of collection, if necessary.
Revised May 2007. This Fee Schedule is subject to change without notice.
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