Act 1996 Sample Clauses

The 'Act 1996' clause refers to the incorporation or application of the Arbitration Act 1996 within a contract or agreement. In practice, this clause typically stipulates that any disputes arising under the contract will be resolved according to the procedures and principles set out in the Arbitration Act 1996, such as the appointment of arbitrators, conduct of proceedings, and enforcement of awards. By referencing the Act, the clause ensures that parties benefit from a well-established legal framework for arbitration, providing certainty and efficiency in dispute resolution.