SETTLEMENT BY ARBITRATION definition

SETTLEMENT BY ARBITRATION. Any claim or controversy that arises out of or relates to this Agreement, or the breach thereof, will be settled by arbitration in the office nearest the Company in accordance with the prevailing rules of the American Arbitration Association. Judgment upon the award rendered may be entered in any court possessing jurisdiction of arbitration awards. Company shall be liable for all legal costs of any such arbitration proceedings or legal proceedings relating to this agreement.
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SETTLEMENT BY ARBITRATION means the process by which an arbitrator appointed by parties or by the Court, as the case may be, adjudicates the disputes between the parties to the suit and passes an award by the application of the provisions of the Arbitration and Conciliation Act. 1996 (26 of 1996), in so far as they refer to arbitration.
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Examples of SETTLEMENT BY ARBITRATION in a sentence

  • SETTLEMENT BY ARBITRATION - Any claim or controversy that arises out of or relates to this agreement, will be settled by arbitration.

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  • SETTLEMENT BY ARBITRATION - Any cl▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ that arises out of or relates to this agreement, will be settled by arbitration.

  • SETTLEMENT BY ARBITRATION - An▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇at arises out of or relates to this agreement, will be settled by arbitration.

Related to SETTLEMENT BY ARBITRATION

  • Arbitration means any arbitration whether or not administered by a permanent arbitral institution;

  • Voluntary arbitration means the procedure whereby parties involved in a labor dispute

  • Compulsory arbitration means the procedure whereby parties involved in a labor dispute

  • Notice of Arbitration means the formal notice from the CONTRACTOR or the CUSTOMER to the other party referring a dispute to arbitration in accordance with the provisions of Schedule 2-9.

  • Mediation means any process in which a mediator facilitates communication and negotiation between the parties to assist them in reaching a voluntary agreement regarding their dispute.