Acknowledgment of and Agreement with Arbitration Policy

We have an Arbitration Policy in our handbook.
policy would never stand up in a court of law.
It is very one sided, lacks "mutuality" and includes the
phrase "I further understand that I will be
responsible for half of the cost of the
arbitrator and any incidental costs of arbitration".
Obviously this has got to come out.

Does anyone have a sample Arbitration Policy that
I could substitute for useless one that I have. Our
President will not entertain the thought of not
having one.

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