Introduction  Arbitration means the settlement of a dispute by referring the dispute to a third party and abiding by his decisions. [1] In the Arbitration Act 1950, the definition of arbitration was given as: “Arbitration is the reference for binding ...

Introduction A contract is an agreement between two or more parties with the intention of creating a legal obligation.  Any sort of breach of contract will be enforceable by law and the remedy could be compensation of money or damages ...

Introduction: An arbitration clause is a clause in a business contract that requires that if any dispute between parties occurs then that can be resolved through arbitration process. But it doesn’t necessarily have to specify that arbitration occurs within a ...

INTRODUCTION A contract is a specific terms or condition between two or more parties who construct a deal under a legal binding agreement. For example, if you purchase any goods, buy a house; engage a builder to carry out work ...

Introduction: An   Arbitration clause is a judicial process and it is a form of ADR[1].The dispute referred by the third party who decides the ultimate decision. There should be some law of contract in this arbitration clause. The medication of ...

Introduction In this modern word, millions of peoples are doing business. We enter into contracts day after day. Taking a seat in a bus amounts to entering into a contract. For doing business, people always make a contract. When two ...

Arbitration clause is usually used clause in a contract that requires the parties to resolve their disputes through an arbitration process - Explain. Law plays a vital role in our daily life. It basically shows a path how individual can ...

Introduction The process by which the parties to a dispute submit their differences to the judgment of an impartial person or group appointed by mutual consent or statutory provision. Arbitration n. a mini-trial, which may be for a lawsuit ready ...

2. Introduction: An arbitration clause is a normally used clause in a contract that is required the parties to resolve their disputes through an arbitration process. Although such a clause may or may not specify that arbitration occur within a ...

Introduction Arbitration is a process by which the parties submit their dispute differences to the judgment to a neutral person to a mutual consent or statutory provision. The process by which the parties to a dispute submit their differences to ...