Arbitration clause is mandatory in the agreement?

Querist : Anonymous (Querist) 05 October 2010 This query is : Resolved
Let us know that Arbitration clause is mandatory in the agreement.

if not, under which Act it has been stated.

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R.Ramachandran (Expert) 05 October 2010
Agreement is between two parties. It is for the parties to decide what they want to incorporate in the Agreement. Whether to keep an Arbitration Clause or not is parties volition.

Madhava Law Office (Expert) 05 October 2010
There is no law which provides that you must have an arbitration clause in an Agreement.

However, the Arbitration Act provides that an Arbitration Agreement must be in writing.

M/s. Y-not legal services (Expert) 05 October 2010
yes. i agree with mr.mukesh yadav.. the arbitration agreement must be in written format..

..tom..

Sri Vijayan.A (Expert) 05 October 2010
Arbitration clause is not mandatory in an agreement.
If you want Arbitration, the clause must be in the agreement.
But, if even after the arose of dispute, if both the parties accept for a common arbitrator, they can appoint.

pawan sharma (Expert) 05 October 2010
Not required, that the agreement treted with Contract Act.

Rajeev kulshreshtha (Expert) 05 October 2010
Yes it is not required.

Devajyoti Barman (Expert) 06 October 2010
Yes, I agree.

Advocate. Arunagiri (Expert) 06 October 2010
Arbitration clause is not mandatory for any agreement. But, it is optional and advised to have the arbitration clause for a speedy solution.

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