|
|
| Arbitration » Drafting International Arbitration Agreements |
 Follow us on Twitter |
Drafting International Arbitration Agreements |
In the international commercial arbitration the definition of arbitration act is that, it is an agreement by the parties to submit to arbitration all or certain disputes which have arisen between them in respect of defined legal relationship whether contractual or not. An arbitration agreement may be in form of arbitration clause in a contract or in a form of separate agreement. The drafting of arbitration act is of great importance from the legal point of view. While drafting a arbitration agreement due attention is to be given to all the points that area involved in the making of the agreement. It is beneficial for both the parties to discuss all the issues involved in the arbitration agreement thoroughly So that on later stage there will be no disputes regarding the agreement. Before signing the arbitration agreement the following should be properly addressed:
- Applicable Law to Arbitration
- Location of Arbitration
- Number of Arbitrators
- Language of Arbitration
- Interim Measures Provisional Remedies
Though the above mentioned guidelines are only illustrative, the parties have to be cautious while framing the arbitration agreement for their own advantage. If you have any queries regarding the framing of the arbitration agreement then 365companies will help you in solving all your queries.
Query Form
|
|
|
