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    Arbitration Clause 1983122

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    Shreya Mehta
    The document discusses drafting an arbitration clause for dispute resolution. It outlines appointing arbitrators within timeframes, the seat of arbitration being New Delhi, and the arbitration being administered and conducted in English according to the rules of the India Dispute Resolution Centre.

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    Arbitration Clause 1983122

    Uploaded by

    Shreya Mehta
    8 views2 pages
    The document discusses drafting an arbitration clause for dispute resolution. It outlines appointing arbitrators within timeframes, the seat of arbitration being New Delhi, and the arbitration being administered and conducted in English according to the rules of the India Dispute Resolution Centre.

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    © © All Rights Reserved

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    The document discusses drafting an arbitration clause for dispute resolution. It outlines appointing arbitrators within timeframes, the seat of arbitration being New Delhi, and the arbitration being administered and conducted in English according to the rules of the India Dispute Resolution Centre.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    8 views2 pages

    Arbitration Clause 1983122

    Uploaded by

    Shreya Mehta
    The document discusses drafting an arbitration clause for dispute resolution. It outlines appointing arbitrators within timeframes, the seat of arbitration being New Delhi, and the arbitration being administered and conducted in English according to the rules of the India Dispute Resolution Centre.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    DRAFT AN ARBITRATION CLAUSE

    Subject – Arbitration and Dispute Resolution Internal Assignment

    SUBMITTED TO, SUBMITTED BY,


    DR. ASWINI PATRO ShrutiManjari Singh

    ROLL NO. 1983122


    B.ALLB SEC. B
    ARBITRATION CLAUSE
    In case of any dispute or breach of contract between the parties, the dispute shall be referred
    to an arbitrator.

    1. In the event of a dispute, each party shall within (seven) days from the date of the
    dispute, appoint one arbitrator. The two arbitrators shall with mutual consent appoint
    a third arbitrator within 15 (fifteen) days from the date of their appointment. The
    arbitrator appointed by the parties shall possess the characteristics as described in
    schedule-1 of the Agreement.

    2. The parties agree to submit their dispute, controversy, claim or difference to


    arbitration for resolution.

    3. The seat of Arbitration shall be in New Delhi, India.

    4. The Arbitrator shall be appointed from the panel of arbitrators of India Dispute
    Resolution Centre, DIAC.

    5. Indian Dispute Resolution Centre shall administer the arbitration in accordance with
    its rules.

    6. The award rendered shall be final and binding upon both the parties.

    7. The arbitration proceedings shall be conducted in English

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