Any party submitting a matter in controversy to this Commission pursuant to the provisions of 47 O.S. 1997 Supp. Section 582(E)(2)(f) shall execute an agreement consenting to binding arbitration by this Commission. Said agreement shall be on a form promulgated by the Commission, which form shall state the procedure to be followed in the arbitration proceeding, the rights of the parties in said proceeding, the method of assessing costs to each party, and the costs which may be assessed.
Okla. Admin. Code § 765:2-5-1