Contracts
Oklahoma real estate purchase contracts typically include a dispute resolution clause providing for:
AMandatory trial by jury for all disputes
BMediation and/or arbitration as alternatives to litigation✓ Correct
CResolution exclusively by OREC
DNo dispute resolution mechanism
Explanation
Many Oklahoma real estate contracts include mediation and/or arbitration clauses to resolve disputes outside of court, reducing costs and time. Some contracts require mediation first, then binding arbitration if mediation fails.
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