My question involves business law in the state of: CA
I have a question on the application of the Final Offer Arbitration option in JAMS in California. If an operating agreement contains the election of this option and a dispute emerges, how exactly is the arbitration decided? More specifically, JAMS Rule 33 reads "the Parties shall exchange and provide to JAMS written proposals for the amount of money damages they would offer or demand". What if the dispute involves a claim for "money damages" as well as other non-monetary claims, for example declaratory relief claims? Does each party propose a comprehensive award, including both the money damages claims and any others and then a singular "Award" is chosen by the arbitrator?
Thanks in advance for your help!