Common use of Software Development Agreement Clause in Contracts

Software Development Agreement. Each party shall have the right to appoint one (1) arbitrator each and the third (3rd) arbitrator shall be appointed by the Director of the Asian International Arbitration Centre (Malaysia). The prevailing Party in the arbitration shall be entitled to claim reasonable legal fees and the arbitration fees from the non-prevailing Party. The award of the arbitration shall be final and binding on all Parties.

Appears in 2 contracts

Sources: Software Purchase Agreement (Treasure Global Inc), Software Development Agreement (Treasure Global Inc)