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The parties agree on the following arbitration time frames
and procedures:
A. As of the later of the date the parties’ Joint
Motion for Rule 124 Arbitration (with an original of this
executed Arbitration Agreement) is granted by the Tax Court, or
the date the Arbitrator’s fee and costs contract with the parties
has been executed, an initial thirty (30) day discovery period
will commence during which the Petitioners must provide the
Arbitrator with responses to the information request previously
submitted to them by Mr. Garb, as well as any additional
information that either Petitioners or Respondent believe is
relevant and probative on the Issues set forth in paragraph 2
above.
B. If, at the end of this initial 30 day discovery
period, the Arbitrator states in writing to the parties that he
has sufficient information to determine his Findings, a 30 day
review period commences. If, however, at the end of the initial
30-day discovery period, the Arbitrator states to the parties in
writing that he needs additional information from either party,
the commencement of this 30 day review period is suspended as
follows: (1) A period not exceeding fifteen (15) days after the
end of the initial discovery period will be provided for the
Arbitrator to prepare and pose in writing any requests for
additional information. Copies of such requests or any other
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Last modified: May 25, 2011