The Basis of Contracting What is Contract? A legal document that states and explains a formal agreement between two different people or groups, or the agreement itself. What Is a Legal Contract? Legal purpose. A contract must have a legal purpose to be enforceable. For example, Steve hires Paul to kill Susan. Steve drafts an agreement outlining Paul’s responsibilities, namely to acquire a gun and shoot Susan in the head. …
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Agreement to Arbitration What is an arbitration agreement? the Arbitration Agreement is a written contract in which two or more parties agree to settle a dispute outside of court. The arbitration agreement is ordinarily a clause in a larger contract. The dispute may be about the performance of a specific contract, a claim of unfair …
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International Arbitration What Is International Arbitration? International arbitration is similar to domestic court litigation, but instead of taking place before a domestic court it takes place before private adjudicators known as arbitrators. It is a consensual, neutral, binding, private and enforceable means of international dispute resolution, which is typically faster and less expensive than domestic court proceedings. The use of international arbitration has evolved to allow parties …
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Arbitration Under English Law It must first be noted that arbitration usually refers to alternative dispute resolution, whereby there is a neutral third party. The first point that one must consider is that the process of arbitration is used because it is much more efficient and cheaper than the court process. Arbitration makes the process …
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Arbitration Clause and Agreement Agreement to Arbitration Arbitration are creatures of contract. Thus, the parties can shape an arbitration proceeding to a great extent in their arbitration agreements. I have arbitrated dozens of cases as a sole arbitrator or as an arbitration panel chair or panel member. My experience from that is that well-drafted arbitration …
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The UAE Civil Procedure Code, Federal Law No. (11) of 1992 Chapter Three Article Article | ARBITRATION Article (203) The parties to a contract may generally stipulate in the basic contract or by a supplementary agreement that any dispute arising between them in respect of the performance of a particular contract shall be referred …
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FREQUENTLY ASKED QUESTION What is Arbitration? Arbitration is a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court. What is Arbitration Clause? …
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