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Welcome To Contract Easily! ( Consult, Contract, Share,download Legal Matters Easily )
Contract Easily
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 Notice by Arbitrators to the Parties about Making the Award:
This notice is critical in arbitration proceedings, signaling the conclusion of hearings and the imminent delivery of the final award. Here's a concise guide for drafting this notice:
Title and Identification: Clearly title the document as "Notice by Arbitrators to the Parties about Making the Award." Include names of the arbitrators, case details, and the date.
Acknowledgment of Hearings: Begin with an acknowledgment of the completion of hearings, summarizing the proceedings and any submissions received.
Statement of Conclusion: Clearly state that the arbitrators have concluded their deliberations and are prepared to make the final award.
Timeline for Award: Specify the expected date for delivering the award, considering any contractual or legal timelines.
Invitation for Final Submissions: If necessary, invite any final written submissions from the parties before the award is finalized.
Common Mistakes to Avoid:
Ambiguous Language: Use clear and unambiguous language to convey the conclusion of proceedings and the impending award to prevent misunderstandings.
Ignoring Timelines: Adhere to any contractual or legal timelines for delivering the award, preventing challenges based on delayed delivery.
Failure to Invite Final Submissions: If required, clearly invite final submissions to ensure a fair and comprehensive consideration before the final award.
Lack of Professional Tone: Maintain a professional and respectful tone in the notice, fostering a cooperative atmosphere in the final stages of arbitration.
Neglecting to Include Key Details: Ensure the notice includes key details such as the names of the arbitrators, case details, and the expected date of the award for clarity.
By following these guidelines and avoiding common mistakes, a well-drafted Notice by Arbitrators to the Parties about Making the Award facilitates transparency and prepares the parties for the conclusion of the arbitration process. This notice is commonly used in various arbitration contexts, including commercial disputes, labor disputes, and international arbitrations.