Agreement of Reference to a Common Arbitrator (India) by OLL
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Agreement of Reference to a Common Arbitrator
This deed of agreement made on this ____ day of ________, 2000, between:
1. Mr. RN, aged about __ years s/o Mr. PT, r/o _________________, hereinafter called the 1st party.
2. Mr. KK, aged about __ years s/o Mr. PT, r/o ________________, hereinafter called the 2nd party.
Whereas first and second parties have some dispute regarding management of the partnership business, being run by the parties. And whereas both the parties are agreed upon to refer the dispute to one arbitrator duly appointed by the both parties.
Now This Deed of Agreement Witnesses as Under: -
1. That both the parties have agreed upon to appoint Mr. SB s/o Mr. KM r/o ______________________ as arbitrator.
2. That both the parties appoint Mr. SB as arbitrator.
3. That the arbitrator will go through the partnership deed and decide the dispute between the parties under the provision of the partnership deed.
4. That this deed shall be confined only upto the dispute of the management of the firm.
Witnesses:
1. Name……………. Sd/-……………………
Address…………. 1st party……………..
2. Name……………. Sd/-………..
Address…………. 2nd party…………………..
This template is used by two parties to formally agree to refer a dispute regarding the management of their partnership business to a single, mutually appointed arbitrator. It outlines the appointment of the arbitrator and defines the scope of the arbitration based on the existing partnership deed.
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About this template
What is this template?
This document is a formal submission to arbitration by two parties in a partnership. It is not a generic arbitration clause for a future dispute, but a specific appointment for an existing conflict. It identifies a single common arbitrator rather than a panel.
When should you use it?
Use this when a management dispute has already arisen between partners and you have both agreed on a specific person to settle it. If you are drafting a new partnership agreement, use a standard arbitration clause instead.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Appointment of Arbitrator | Parties name a specific individual, Mr. SB, to act as the sole arbitrator for their dispute. |
| 3 | Basis of Decision | The arbitrator must review the partnership deed and resolve the dispute according to the specific provisions found within that deed. |
| 4 | Scope of Arbitration | This agreement limits the arbitrator's authority strictly to disputes involving the management of the partnership firm. |
Who it's for
- partners in an Indian business facing a specific management disagreement requiring external resolution
- business partners wishing to resolve internal management conflicts through a single named arbitrator
How long it runs and how it's signed
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