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Welcome To Contract Easily! ( Consult, Contract, Share,download Legal Matters Easily )
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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 Interim Arbitral Award:
This document is crucial in arbitration proceedings when parties seek an interim resolution on specific issues before a final award is rendered. Here's a concise guide for drafting this award:
Title and Identification: Clearly title the document as "Interim Arbitral Award." Include names of the parties, case reference, and details of the arbitration.
Background and Reference: Provide a concise overview of the dispute, emphasizing the specific issues or relief sought that necessitate an interim resolution.
Legal Framework: Establish the legal framework governing the arbitration process, citing relevant arbitration rules and laws applicable to interim awards.
Scope of Interim Award: Clearly define the scope of the interim award, specifying the issues addressed, relief granted, and any ongoing matters.
Findings and Rationale: Present the arbitrator's findings on the issues in question, supported by a well-reasoned rationale based on evidence and legal principles.
Common Mistakes to Avoid:
Unclear Scope: Ensure clarity in defining the specific issues or relief covered by the interim award to avoid confusion.
Neglecting Legal Framework: Clearly apply relevant arbitration rules and legal principles governing the issuance of interim awards.
Ambiguous Findings: Use precise language in presenting findings to prevent ambiguity and misinterpretation.
Failure to Address Ongoing Matters: Clearly articulate how the interim award impacts ongoing proceedings and future dispute resolution.
Lack of Clarity in Rationale: Clearly state the arbitrator's rationale behind the interim award, providing transparency in the decision-making process.
By following these guidelines and avoiding common mistakes, a well-drafted Interim Arbitral Award provides a clear, legally sound, and timely resolution to specific issues within arbitration proceedings. This is especially useful in complex disputes where parties may require interim relief before the final award is rendered, commonly seen in commercial and contractual arbitrations.