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Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Guideline for Drafting Arbitral Award by Single Arbitrator:
This document is commonly employed in arbitration proceedings where a single arbitrator is appointed to resolve disputes between parties. Here's a concise guide for drafting this award:
Title and Identification: Clearly title the document as "Arbitral Award by Single Arbitrator." Include names of the parties, case reference, and details of the arbitrator.
Background and Reference: Provide a brief overview of the dispute, outlining the claims, counterclaims, and key issues presented during the arbitration proceedings.
Legal Framework: Establish the legal framework governing the arbitration process, citing relevant arbitration rules and laws applicable to the case.
Findings and Conclusions: Clearly outline the arbitrator's findings on the merits of the dispute, addressing each claim and counterclaim individually, and provide a well-reasoned conclusion.
Execution and Signatures: Include a space for the arbitrator's signature, confirming the acceptance and understanding of the award.
Common Mistakes to Avoid:
Inadequate Background Information: Ensure a comprehensive summary of the dispute to facilitate a clear understanding of the arbitrator's decision.
Failure to Apply Legal Framework: Clearly articulate how the legal framework and relevant laws are applied in determining the outcome of the dispute.
Ambiguous Findings: Use precise language in presenting findings to avoid confusion or misinterpretation by the parties involved.
Neglecting Evidence: Consider all relevant evidence presented during the arbitration process to make well-informed findings.
Lack of Clarity in Conclusions: Clearly state the rationale behind the arbitrator's decision, providing transparency in the decision-making process.
By adhering to these guidelines and avoiding common mistakes, a well-drafted Arbitral Award by Single Arbitrator ensures a clear, consistent, and legally sound resolution to disputes in arbitration proceedings. This form of award is commonly used in various contexts, including commercial, construction, or employment disputes, where parties opt for a single arbitrator to adjudicate their differences.