Common use of Dispute Resolution and Jurisdiction Clause in Contracts

Dispute Resolution and Jurisdiction. Both the parties agree that any disputes arising out of this Agreement shall be resolved through mutual negotiations, failing which through Arbitration, conducted in accordance with the provisions of Indian Arbitration and Conciliation Xxx 0000. Each party shall nominate its Arbitrator and the two appointed arbitrators shall appoint a third Umpire thus making a panel of three Arbitrators. The venue of Arbitrator shall be New Delhi, India. The Arbitration award pronounced by the Arbitrator(s) shall be binding on both the parties. In case any dispute refers to the Court of Law, the Jurisdiction shall be Delhi/New Delhi, India.

Dispute Resolution and Jurisdiction. Both the parties agree that any disputes arising out of this Agreement agreement shall be resolved through mutual negotiations, failing which through Arbitration, conducted in accordance with the provisions of Indian Arbitration and Conciliation Xxx 0000. Each party shall nominate its Arbitrator arbitrator and the two appointed arbitrators shall appoint a third Umpire umpire thus making a panel of three Arbitratorsarbitrators. The venue of Arbitrator arbitrator shall be New Delhi, India. The Arbitration award pronounced by the Arbitrator(s) arbitrator shall be binding on both the parties. In case any dispute refers to the Court of Law, the Jurisdiction shall be Delhi/New Delhi, India.

Dispute Resolution and Jurisdiction. Both the parties agree that any disputes arising out of this Agreement agreement shall be resolved through mutual negotiations, failing which through Arbitration, conducted in English language and in accordance with the provisions of Indian Arbitration and Conciliation Xxx 00000000 and amendments thereof. Each party shall nominate its Arbitrator arbitrator and the two appointed arbitrators shall appoint a third Umpire umpire thus making a panel of three Arbitratorsarbitrators. The venue of Arbitrator arbitration shall be New Delhi, India. The Arbitration award pronounced by the Arbitrator(s) arbitrator shall be final and binding on both the parties. In case any dispute refers to the Court of Law, the Jurisdiction shall be Delhi/New Delhi, India.