Arbitration Cost Sharing Sample Clauses
The Arbitration Cost Sharing clause defines how the expenses associated with arbitration proceedings will be divided between the parties involved in a dispute. Typically, this clause outlines whether costs such as arbitrator fees, administrative charges, and other related expenses are split equally, assigned based on the outcome, or allocated in another specified manner. By clearly establishing the financial responsibilities for arbitration, this clause helps prevent disagreements over payment and ensures that both parties understand their obligations, thereby facilitating a smoother dispute resolution process.
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Arbitration Cost Sharing. The parties to this Agreement shall bear jointly, on a 50/50 basis, the fee of the Arbitrator and any expenses incurred by him.
Arbitration Cost Sharing. Each Party shall pay its own expenses and costs for arbitration and one-half (1/2) the compensation and expenses of the arbitrator.
Arbitration Cost Sharing. If the Insured Person does not agree with the proposed solution, they may refer the case to an arbitrator appointed by agreement between the Insured Person and Fortuna. If the parties are unable to agree on an arbitrator, the president of the court responsible for settling disputes arising from this contract shall appoint one. The costs of such proceedings shall be shared between ▇▇▇▇▇▇▇ and the Insured Person, unless the Insured Person has acted recklessly. If, despite ▇▇▇▇▇▇▇’▇ refusal of benefits, the Insured ▇▇▇▇▇▇ decides to pursue the concerned dispute or grievance at his/her own expense and secures a more favourable outcome than the solution proposed in writing by ▇▇▇▇▇▇▇, he/she shall be entitled to reimbursement of their costs up to the maximum amount guaranteed in this contract.