Arbitral Award for Payment for Goods Supplied (India)
This document is a template for an arbitral award concerning the payment of supplied goods. It provides a formal structure for an arbitrator to record their decision regarding outstanding debts for goods sold and delivered, including adjustments for any breaches of warranty.
Arbitral award of payment for goods supplied
I AWARD and adjudge that the said [one party] was and is indebted to the said [other party] in respect of goods namely [short description of such goods] sold and delivered in the sum of Rs. __________ and that the said [one party] do pay the said sum of Rs. ___________ to the said [other party] at ________ on the _________ dayof _________ next [between the hours of ________ and ____________ of the clock in the [forenoon]].
I AWARD and adjudge that the said [one party] was and is entitled to recover from the said [other party] Rs. ______________ as the price of goods namely [short description of such goods] sold and delivered less the sum of Rs.____________ which I award and adjudge as due for breach of warranty in respect of the said goods and I direct that the said [other party] do pay the difference viz. Rs.__________ to the said [one party] at ___________ on the ___________ day of _________________ next [between the hours of _________ and _________________ of the clock in the [forenoon]].
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About this template
What is this template?
This is a formal arbitral award issued by a sole arbitrator under Indian law. It is not a court judgment or a settlement agreement, but a binding decision that concludes the arbitration process. It contains specific sections for the arbitrator's findings on the merits and the specific calculation of interest and costs.
When should you use it?
Use this document at the conclusion of an arbitration proceeding when the arbitrator has reached a final decision on a claim for unpaid goods. If the parties reach a voluntary agreement before the award, use a Consent Award or a Settlement Agreement instead.
What's inside
| Clause | Name | What it does |
|---|---|---|
| Recitals | Recitals and Background | Outlines the supply contract and the subsequent dispute that led to the appointment of the Sole Arbitrator. |
| Paragraph 2 | Claimant's Case | Details the specific value of goods supplied and the total outstanding amount claimed by the supplier. |
| Paragraph 3 | Respondent's Defense | Summarizes the buyer's response to the allegations and any counter-arguments regarding the quality or receipt of goods. |
| Paragraph 5 | Arbitrator's Findings | States the arbitrator's conclusion on the liability of the respondent based on the evidence presented during the proceedings. |
| Paragraph 6 | Award Amount | Specifies the exact sum the respondent must pay, including the principal amount and a defined interest rate. |
| Paragraph 7 | Costs of Arbitration | Allocates the responsibility for the arbitrator's fees and administrative expenses between the claimant and respondent. |
Who it's for
- an arbitrator in India resolving a commercial dispute over unpaid invoices
- legal practitioners drafting a final award after an Indian arbitration proceeding
How long it runs and how it's signed
Law it's drafted under
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