Arbitration Refering Dispute To Arbitrator

REFERING DISPUTE TO ARBITRATOR

This Agreement made between 

MR___________
address_________________ 
hereinafter referred to as " the Party of the First Part, party_______________________ 
(which expression shall unless contrary to the context or meaning thereof include his successors, executors, administrators, legal representatives and assigns) 

And 

Mr_________________________________ 
address _________________________________________
hereinafter referred to as "second part, Party of the Second Part" (which expression shall unless contrary to the 
context or meaning thereof include his successors, executors, administrators, legal representatives and assigns). 

The parties hereto are collectively referred to as "the parties". 

Whereas 

1. Above statues parties entering an agreement dated______________ (herein after referred to as the said 
Agreement) bide which it was agreed that First part, Party shall place order and Second part, Party shall supply 
goods on such terms and conditions as laid in said agreement. 

2. Controversies and differences emerging between the said parties concerning interpretation of some of the
 clauses of the said agreement , which parties have consented to refer their controversies and differences for arbitration of Shri__________on such terms and conditions as hereinafter statues. 

Now This Agreement Witnesses As Under: 

1. All controversies and differences between the parties hereto concerning interpreting of some of the clauses 
of the said agreement are hereby referred to the conclusive determination and award of the said arbitrator Shri__________ 

2. Arbitrator shall be empowered taking such evidence and making such enquiries, as he may deem fit. Arbitrator 
shall be empowered to administer both to the parties and witnesses before him. Having served notice to parties 
who neglects, fails for attending reference, arbitrator shall have power to hearings ex-parte. 

Arbitrator shall record by keeping minutes of hearings of arbitration and taking notes of evidence of witnesses as
 may be lead by any party to which arbitrator can justly examine. 

Arbitrator shall pass award within _______months after entering the reference and the award made by the 
arbitrator shall bind and concluding on the parties. If award is not passed by the arbitrator within fix stipulated 
period or the arbitrator dies, or can not act due to illness or denies to act before making award, this agreement 
shall become nullity and documents filed with the Arbitrator shall be returned to the party producing the same. 

Fee of Arbitrator shall be Rs._________ which fees and costs of this reference and other expenses relating to the arbitration shall be borne by both the parties in such proportions as inserted arbitrator. 

Arbitration herring shall at _________ 

English shall be used in all written documents laid in arbitration hearings. 

3. Parties agreeing for cooperating with arbitrator by furnishing the arbitrator all information's/ explanations 
as needed by him. 

4. This submission to arbitration shall be based on enactments of the Arbitration and Conciliation Act, 1996 or
 any mandatory alteration thereof. 

5. Award made by the arbitrator per this agreement shall be filed in court within one month from the date of 
signing of the award by Arbitrator and a decree shall be got per terms of the award. 

In Witness Whereof, the parties hereunto have signed this agreement 

Date: 

Witness: 

1_________________The First Part Party 

2__________________The Second Part party |  |
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