The Impact of Good Faith Principle on Construction Contracts: A Comprehensive Analysis Introduction The principle of good faith has emerged as a pivotal factor with far-reaching implications in various contractual arrangements. While it is widely acknowledged in most civil legal systems as a fundamental principle, its definition within the construction industry remains limited. Notably, common …
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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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Arbitration Adjudication, mediation, mediator, negotiation, conciliation, intervention ADR | Alternative Dispute Resolution | Procedure 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 …
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