Q: What is Contractual Arbitration ?

Ans: Contractual Arbitration is when parties to a contract agree to resolve future disputes via binding arbitration rather than in court or otherwise.
 
Contractual Arbitration can be either Ad-Hoc Arbitration and/or Institutional Arbitration.
 
A contract is an official document in which several terms are agreed upon by the parties. Sometimes, parties to a contract or who are in contract would include an arbitration clause in the contract which clarifies referring any dispute to arbitration before moving  towards the courts. 

Comments

Popular posts from this blog

Q: How does rule 13 of national legal services authority rules, 1995 differs from section 13 of legal services authority act, 1987 ?

Q: Can a party to an arbitration agreement appoint a sole arbitrator on his own and impose it on the other party?

Q: What is Foreign Arbitration ?