Arbitration appeal Before Dr Justice D Y ChandrachudChief Justice of India
Автор: Success Law Classes
Загружено: 2024-10-08
Просмотров: 3332
Описание:
Arbitration is a dispute resolution system. An Arbitration clause is usually included in the agreements of partnership firms or companies. If a dispute between the parties arises then the Arbitration clause can be invoked, and the one or more arbitrators are appointed and are given the power to negotiate or arbitrate between the parties and make binding decisions on the dispute in the form of arbitral awards.
When the parties choose arbitration, they opt for a private dispute resolution process instead of approaching the court. The parties to a contract usually insert an Arbitration clause in the contract. The clause basically means that in case of a dispute, the parties will appoint an arbitrator to resolve the dispute.
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