Arbitral Award by Two Arbitrators and a Presiding Arbitrator (India) by OLL
Prefer the original wording?
ARBITRAL AWARD BY TWO ARBITRATORS AND PRESIDING ARBITRATOR, THE ARBITRATORS DECIDING SOME MATTERS AND THE PRESIDING ARBITRATOR DECIDING ONLY MATTERS UPON WHICH ARBITRATORS DIFFER: CLAIM ON GUARANTEE
In the Matter of an Arbitration between [parties]?THIS IS THE AWARD of us _____________________________ [insert the name, address etc. of first arbitrator] [insert the name, address etc. of second arbitrator] and [insert the name, address etc. of Presiding Arbitrator] made the _________ day of ________.
WHEREAS:
By an agreement dated the _________ day of _______ and made between [insert the name, address etc. of creditor] of the one part and __________________ [insert the name, address etc. of surety] of the other part after reciting that on the _________ day of __________ the said [surety] signed and gave to the said [creditor] an instrument in writing guaranteeing and promising the said [creditor] that the said [surety] would be responsible to the said [creditor] for the due payment for any goods which he might after the date thereof sell and deliver on credit to one __________________ [insert the name, address etc. of debtor] and reciting that the said [creditor] alleged that he had afterwards sold and delivered on credit to the said [debtor] goods in respect of which there was then due to the said [creditor] a balance of Rs.________- and that differences had arisen between the parties thereto as to the liability of the said [surety] on the said guarantee the said [surety] disputing the value of the goods supplied to the said [debtor] after the date of the guarantee and also alleging that he was discharged by reason of fraudulent concealment by the said [creditor] before the guarantee was given and also by reason of time given to the said [debtor] after his term of credit had expired then it was agreed between the parties thereto that all matters in difference between them should be referred to the said [first arbitrator] and [second arbitrator] and if and so far only as to such matters as they should be unable to agree to their third arbitrator to be appointed by them in writing before entering on the reference. ?
The said [first arbitrator] and [second arbitrator] by writing under their hands dated the _______ day of ________ appointed the said [third arbitrator] to be the Presiding Arbitrator in accordance with the said agreement. ?
The said arbitrators and Presiding Arbitrator took upon themselves the burden of the said reference and have heard and considered the witnesses and evidence of both the parties and the said arbitrators have agreed as to some of the matters so referred to them but have been unable to agree as to other matters. ?
This is a preview. The full template is free on GitLaw.
This template is an arbitral award for cases involving two arbitrators and a presiding arbitrator, specifically focused on a dispute over a guarantee. It provides a formal structure for recording the findings of the arbitrators and the final decision of the presiding arbitrator on matters where the original arbitrators disagreed.
5.0 out of 5 on Google
Read reviewsAs seen in
About this template
What is this template?
This document is a formal arbitral award recording the final decision of a three-member tribunal. It contains specific sections for findings agreed upon by the primary arbitrators and a separate section for the presiding arbitrator's decision on deadlocked issues. It is not an arbitration agreement or a simple settlement agreement.
When should you use it?
Use this template when an arbitration regarding a guarantee has concluded and the arbitrators have reached different conclusions on specific points of law or fact. The nearest alternative would be a Standard Arbitral Award if all arbitrators were in full agreement.
What's inside
| Clause | Name | What it does |
|---|---|---|
| WHEREAS | Recitals of the Guarantee | Describes the underlying instrument where the Surety promised the Creditor payment for goods delivered on credit to the Debtor. |
| WHEREAS | Scope of Reference | Directs all matters in difference, including disputes over fraudulent concealment and time given to the Debtor, to the named arbitrators. |
| WHEREAS | Appointment of Presiding Arbitrator | Confirms that the first and second arbitrators appointed a third arbitrator to act as Presiding Arbitrator. |
| NOW BE IT KNOWN | Findings on Debt and Fraud | States the findings of the first two arbitrators regarding the balance of Rs. due and the validity of the guarantee. |
| AND I the said [Presiding Arbitrator] | Presiding Arbitrator Decision | Resolves whether the Surety was discharged by the Creditor giving time to the Debtor and awards the final sum. |
| AND I the said [Presiding Arbitrator] | Direction to Pay and Costs | Orders the Surety to pay the specified Rs. amount and settles the costs for each arbitrator. |
Who it's for
- an arbitral tribunal in India rendering a decision on a guarantee dispute
- arbitrators needing to record split decisions where a presiding arbitrator breaks a deadlock
- legal practitioners drafting an award involving a creditor, surety, and debtor relationship
How long it runs and how it's signed
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by 5,000+ businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work,
with practicing lawyers
Trained on 5,500+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Ready to get started?
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.