| 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. |