Model Arbitration Clause
ARBITRATION MODEL CLAUSE - DOMESTIC
Any dispute or difference arising out of or in connection with this contract, including any question regarding its construction, meaning, scope, operation, existence, validity or termination, shall be referred to and finally resolved by arbitration in accordance with the provisions of Arbitrations and conciliation Act 1996 or any statutory amendment thereof. The Arbitration shall be in English Language and the seat of the arbitration shall be in Bengaluru. The Arbitration Panel shall consist single arbitrator/panel of arbitrators. The arbitrator(s) appointment and arbitration administration shall be through/by/via Vakeel International Arbitration and Mediation Centre which is hereby authorized by both the parties and such appointment/nomination of arbitrator or his award shall not be challenged on any grounds whatsoever. The award of the Arbitration through VIA Mediation Centre shall be final and binding on both the parties. The arbitrator will pass a written and a reasoned award and will be entitled to award cost of the proceedings.
All disputes, differences, and/or claims arising out of the contract shall be settled by Arbitration in accordance with the provisions of Arbitration and Conciliation Act 1996 or any statutory amendment thereof. The dispute shall be referred to a single arbitrator/panel of arbitrators who be appointed by the authorized representative / Director of ______. The arbitrator(s) appointment and arbitration administration shall be through/by/via Vakeel International Arbitration and Mediation Centre with. The ____________(party) shall not challenge the nomination/appointment of Arbitrator or his award on the ground that the nomination is made by authorized representative / Director of ________ through VIA Mediation Centre. The award of the Arbitration through VIA Mediation Centre shall be final and binding on both the parties. The arbitrator will pass a written and a reasoned award and will be entitled to award cost of the proceedings.
ARBITRATION MODEL CLAUSE -INTERNATIONAL
Any dispute or difference arising out of or in connection with this contract, including any question regarding its construction, meaning, scope, operation, existence, validity or termination, shall be referred to and finally resolved by arbitration. The Arbitration shall be in English Language and the seat of the arbitration shall be in ______(City) ________ (State) _______(Country). The Arbitration Panel shall consist single arbitrator/panel of arbitrators. The arbitrator(s) appointment and arbitration administration shall be through/by/via Vakeel International Arbitration and Mediation Centre with arbitration centre's globally which is hereby authorized by both the parties and such appointment/nomination of arbitrator or his award shall not be challenged on any grounds whatsoever. The award of the Arbitration through VIA Mediation Centre shall be final and binding on both the parties. The arbitrator will pass a written and a reasoned award and will be entitled to award cost of the proceedings.
Any dispute or difference arising out of or in connection with this contract, including any question regarding its construction, meaning, scope, operation, existence, validity or termination, shall be referred to and finally resolved by arbitration. The Arbitration shall be in English Language and the seat of the arbitration shall be in ______(City) ________ (State) _______(Country) who be appointed by the authorized representative / Director of ______. The arbitrator(s) appointment and arbitration administration shall be through/by/via Vakeel International Arbitration and Mediation Centre with arbitration centre's globally. The ____________(party) shall not challenge the nomination/appointment of Arbitrator or his award on the ground that the nomination is made by authorized representative / Director of ________ through VIA Mediation Centre. The award of the Arbitration through VIA Mediation Centre shall be final and binding on both the parties. The arbitrator will pass a written and a reasoned award and will be entitled to award cost of the proceedings.