No Legal Proceeding without Recourse to Arbitration Clause Samples

The 'No Legal Proceeding without Recourse to Arbitration' clause establishes that parties must attempt to resolve disputes through arbitration before initiating any legal proceedings in court. In practice, this means that if a disagreement arises under the contract, the parties are required to submit the matter to an agreed-upon arbitration process, and only if arbitration fails or is not possible can they pursue litigation. This clause ensures that arbitration is the primary method of dispute resolution, aiming to reduce court involvement, encourage faster and potentially less costly resolutions, and provide a clear, structured process for handling conflicts.
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No Legal Proceeding without Recourse to Arbitration. The Parties shall not commence legal proceedings or have any receiver appointed over the Said Flat And Appurtenances and/or the Said Building/Said Property without first referring the matter to arbitration and till the Arbitral Tribunal has given its direction/award.
No Legal Proceeding without Recourse to Arbitration. The Parties shall not commence legal proceedings or have any receiver appointed over the said Flat and Appurtenances and/or the said property without first referring the matter to arbitration and till the Arbitral Tribunal has given its direction/award. ALL THAT the Flat No. ……… situated on the Floor measuring about ……………. sq. ft. super built up area alongwith a covered car-parking space No. ……… measuring about 135 sq. ft. useable area at the Ground Floor of the said G+3 storied building complex named as "▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇" under Mouza- Dhalua, ▇.▇. ▇▇.- 43, R.S. No.- 235, Touzi No. 340-342, R.S. Khatian No.- 196, L.R. ▇▇▇▇▇▇▇ ▇▇. ▇▇▇▇, ▇.▇. Dag No. 181 corresponding to L.R. ▇▇▇ ▇▇.- ▇▇▇, ▇▇▇▇▇▇▇ ▇▇. ▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ Additional District Sub. Registrar– Garia (previously Sonarpur) and Police Station– Narendrapur (previously Sonarpur), under the jurisdiction of ▇▇▇▇ No.- 2 of Rajpur Sonarpur Municipality, District– South 24 Parganas, and the said land is butted and bounded as follows :- (adjacent to Dhalua Main Road). ON THE NORTH : By 12 feet wide Municipal Road; ON THE SOUTH : By R.S. Dag No. 181 (P); ON THE EAST : By R.S. Dag No. 181 (P); ON THE WEST : By 12 feet wide Municipal Road; 1. On the date of signing of this

Related to No Legal Proceeding without Recourse to Arbitration

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  • GOVERNING LAW; DISPUTES SUBMITTED TO ARBITRATION All disputes arising under this agreement shall be governed by and interpreted in accordance with the laws of the Commonwealth of Massachusetts, without regard to principles of conflict of laws. The parties to this agreement will submit all disputes arising under this agreement to arbitration in Boston, Massachusetts before a single arbitrator of the American Arbitration Association (“AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement of the parties, except that such arbitrator shall be an attorney admitted to practice law in the Commonwealth of Massachusetts. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. Nothing contained herein shall prevent the party from obtaining an injunction.

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  • Forum for Adjudication of Disputes Unless the Trust consents in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any action or proceeding brought on behalf of the Trust or the Shareholders, (ii) any action asserting a claim of breach of a fiduciary duty owed by any Trustee, officer or employee of the Trust to the Trust or the Trust’s Shareholders, (iii) any action asserting a claim arising pursuant to any provision of Massachusetts law or this Declaration of Trust or the Bylaws, (iv) any action to interpret, apply, enforce or determine the validity of this Declaration of Trust or the Bylaws or any agreement contemplated by any provision of the Investment Company Act of 1940, this Declaration of Trust or the By-Laws, or (v) any action asserting a claim governed by the internal affairs doctrine (each, a “Covered Action”) shall be within the federal or state courts in the Commonwealth of Massachusetts. Any person purchasing or otherwise acquiring or holding any interest in shares of beneficial interest of the Trust shall be (i) deemed to have notice of and consented to the provisions of this Section 7, and (ii) deemed to have waived any argument relating to the inconvenience of the forum referenced above in connection with any action or proceeding described in this Section 7. If any Covered Action is filed in a court other than in a federal or state court sitting within the Commonwealth of Massachusetts (a “Foreign Action”) in the name of any Shareholder, such Shareholder shall be deemed to have consented to (i) the personal jurisdiction of the Commonwealth of Massachusetts in connection with any action brought in any such courts to enforce the first paragraph of this Section 7 (an “Enforcement Action”) and (ii) having service of process made upon such Shareholder in any such Enforcement Action by service upon such Shareholder’s counsel in the Foreign Action as agent for such Shareholder. Furthermore, except to the extent prohibited by any provision of the Massachusetts Business Corporation Law or the Declaration of Trust, if any Shareholder shall initiate or assert a Foreign Action without the written consent of the Trust, then each such Shareholder shall be obligated jointly and severally to reimburse the Trust and any officer or Trustee of the Trust made a party to such proceeding for all fees, costs and expenses of every kind and description (including, but not limited to, all reasonable attorneys’ fees and other litigation expenses) that the parties may incur in connection with any successful motion to dismiss, stay or transfer such Foreign Action based upon non-compliance with this Section 7. If any provision or provisions of this Section 7 shall be held to be invalid, illegal or unenforceable as applied to any person or circumstance for any reason whatsoever, then, to the fullest extent permitted by law, the validity, legality and enforceability of such provision(s) in any other circumstance and of the remaining provisions of this Section 7 (including, without limitation, each portion of any sentence of this Section 7 containing any such provision held to be invalid, illegal or unenforceable that is not itself held to be invalid, illegal or unenforceable) and the application of such provision to other persons and circumstances shall not in any way be affected or impaired thereby.