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Arbitration agreements require that persons who signed them resolve any disputes by binding arbitration, rather than in court before a judge and/or jury. What is binding arbitration? Binding arbitration involves the submission of a dispute to a neutral party who hears the case and makes a decision.

Necessary Elements Details of the Parties. ... Details of the relationship between the parties. ... Demand for Arbitration. ... The mention of agreement/contract (if any). ... The mention of already existing arbitration agreement between the parties pursuant to which the concerned notice of arbitration has been sent (if any).

To draft a valid arbitration agreement, parties should also be conscious of the requirements imposed on specific parties or the inarbitrability of certain disputes. Some countries may impose requirements such as a formal authorisation for State entities to enter into arbitration agreements.

Arbitration is a consensual procedure This process can only happen if both parties have agreed to it. Should a future dispute occur involving the same parties under the contract, either of the disputing parties will insert an arbitration clause under the relevant contract.

If, without showing sufficient cause, a party fails to appear at an oral hearing or to produce documentary evidence, the arbitral tribunal can continue the proceedings and make the arbitral award on the evidence before it.

Arbitration is a method of resolving a dispute between two or more parties by neutral, qualified individuals, who serve as decision-makers after weighing the facts of each case presented.