Cost of Arbitration Clause Examples
The 'Cost of Arbitration' clause defines how the expenses associated with the arbitration process will be allocated between the parties involved in a dispute. Typically, this clause specifies whether each party is responsible for its own legal fees and a share of the arbitrator's costs, or if one party may be required to cover all costs depending on the outcome. By clearly outlining financial responsibilities, this clause helps prevent disputes over payment of arbitration expenses and ensures that both parties understand their potential financial obligations before entering arbitration.
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Cost of Arbitration. If there is any expense charged by the arbitrator it shall be borne equally.
Cost of Arbitration. Unless otherwise allocated by the panel, each party shall bear the expense of its own arbitrator and its own witnesses and shall equally bear with the other parties the expense of the umpire and the arbitration.
Cost of Arbitration. The fees for a single Arbitrator or a Chair of a Board of Arbitration shall be shared equally by the parties. Other costs incurred by each party shall be the responsibility of that party.
Cost of Arbitration. Each party shall pay:
(i) The remuneration and expenses of the arbitrator it appoints;
(ii) One half (1/2) the remuneration and expenses of the Chairperson; and
(iii) One half (1/2) the expenses of the Board for clerical assistance, supplies and rent of a place to meet.
Cost of Arbitration. The cost of arbitration proceedings, including without limitation the arbitrators' compensation and expenses, hearing room charges, court reporter transcript charges etc., shall be borne by the parties equally or otherwise as the arbitrators may determine. The arbitrators may award the prevailing party its reasonable attorneys' fees and costs incurred in connection with the arbitration. The arbitrators are specifically instructed to award attorneys' fees for instances of abuse in the discovery process.
Cost of Arbitration. In respect of the cost of arbitration of grievances, the parties shall share equally the fee and expenses of the sole arbitrator or the chair of the arbitration board and where applicable each party shall be responsible for the expenses of their respective nominee to the board of arbitration.
Cost of Arbitration. The fees for a single Arbitrator, or a Chairperson of a Board of Arbitration, shall be shared equally by the parties.
Cost of Arbitration. 1. The cost of the arbitrator and expenses of the hearing will be shared equally by the University and UPTE. If either party requests that a stenographic record of the hearing be made and/or transcripts of the stenographic record or a taped record be provided, the parties shall equally share the entire cost of such service and the cost of the provision of a transcript to each party and the arbitrator.
2. In the event either party requests the cancellation or postponement of a scheduled arbitration proceeding which causes an arbitrator to impose a cancellation or postponement fee, the party requesting such cancellation or postponement shall bear the full cost of the cancellation/postponement fee. In the event the parties agree to settle or postpone the arbitration during the period of time in which the arbitrator will charge a cancellation/postponement fee, the parties will equally bear the cost of the fee, unless the parties agree otherwise.
Cost of Arbitration. The fees and expenses of the impartial arbitrator, the cost of transcript (if such be requested by the arbitrator), and the cost of the room shall be borne equally buy the Association and the Board. The party incurring them shall pay all other expenses incurred.
Cost of Arbitration. The fees for a single Arbitrator, or a Chair of a Board of Arbitration, shall be shared equally by the parties and such expenditures and fees shall be paid within sixty (60) days after the date of the decision of the Arbitrator.