FORM OF AGREEMENT TO REFER THE DISPUTE TO ONE ARBITRATOR

This deed of agreement made on this ____ day of ________, 2000, between:

  1. Mr. RN, aged about __ years s/o Mr. PT, r/o _________________, hereinafter called the 1st party.
  2. Mr. KK, aged about __ years s/o Mr. PT, r/o ________________, hereinafter called the 2nd party.

Whereas first and second parties have some dispute regarding

management  of the partnership business, being run by the parties.

And whereas both the parties are agreed upon to refer the dispute to one arbitrator duly appointed by the both parties.         

            NOW THIS DEED OF AGREEMENT WITNESSES AS UNDER: -

  1. That both the parties have agreed upon to appoint Mr. SB s/o Mr. KM r/o ______________________ as arbitrator.
  2. That both the parties appoint Mr. SB as arbitrator.
  3. That the arbitrator will go through the partnership deed and decide the  dispute between the parties under the provision of the partnership  deed.
  4. That this  deed shall be confined only upto the dispute of the management of the firm.

Witnesses:

1.         Name?????.                                                                                                  Sd/-???..1st party

            Address????.                                                                                                  Sd/-???..2nd party

                        ???????.

           

 2.         Name?????.

             Address????.

              ???????..

 

 

GUIDELINE

Guideline for Drafting a Form of Agreement to Refer the Dispute to One Arbitrator:

Usage:
A Form of Agreement to Refer the Dispute to One Arbitrator is used when two parties involved in a dispute want to opt for arbitration instead of litigation and agree to appoint a single arbitrator to resolve their issues. This document outlines the arbitration process, rules, and responsibilities of the arbitrator. Here's a concise guideline:

Identification: Clearly identify the parties involved, specifying their names, roles, and the nature of the dispute.

Arbitrator Selection: Name the chosen arbitrator, specifying their qualifications, impartiality, and responsibilities.

Arbitration Procedures: Detail the procedures for initiating arbitration, presenting arguments, gathering evidence, and rendering awards.

Arbitrator's Authority: Define the scope of the arbitrator's authority, decision-making process, and any limitations or exclusions.

Governing Law: Specify the governing law or jurisdiction for the arbitration agreement.

Confidentiality: Include a confidentiality clause to protect sensitive information discussed during arbitration.

Signature: Ensure that both parties involved sign the agreement to refer the dispute to one arbitrator.

Common Mistakes to Avoid:

Ambiguity: Ensure the agreement is clear and specific to prevent disputes over its interpretation.
Neglecting Legal Review: Consult legal professionals to ensure compliance with arbitration laws and regulations.
Failure to Define Rules: Specify the rules, timelines, and procedures for arbitration clearly.
Excluding Key Details: Include provisions for cost-sharing, choice of arbitration organization, and venue.
Ignoring Changes: Update the agreement if the terms or circumstances change.
Drafting a Form of Agreement to Refer the Dispute to One Arbitrator is essential for a fair and efficient dispute resolution process. Legal consultation is advisable to create a document that is legally sound, compliant, and tailored to the specific needs and concerns of the parties while ensuring compliance with relevant laws and regulations.

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