cpc

appointment of arbitrator

MANAGING DIRECTOR

Dear friends, we have decided to appoint an Arbitrator and we have already obtained the consent from him. Can any one please suggest us or provide us the sample letter or standard format to prepare the Appointment Letter to be issued to the Arbotrator ?. Regards.

 
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Student

Dear IFAB,

Here is the proposed draft letter.

                                                                   By Hand/Courier/Speed Post

                                                                                                                                                        Dated

 

Name & Address

 

 

 

Subject : Request for according consent for appointment of Arbitrator to adjudicate dispute.

Dear Sir,

This is to bring in your kind notice that we have executed an Agreement dated __________ with M/s ______________ which contains an Arbitration Clause being :

Reproduce the Arbitration Clause

 

In view of this Arbitration Clause we request your good self to accord consent  in writing for being appointed as an Arbitrator to adjudicate the dispute amongst the parties.

Thanking You &best regards

Authorized Signatory

For M/s  _______________

 

 

CC : To the other side.

 

Thanks and best regards

 

Daksh

 
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MANAGING DIRECTOR

Thanks a lot, Daksh. Regards.

 
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ADVISOR

 

FORM OF AGREEMENT TO REFER THE DISPUTE TO ONE ARBITRATOR
 
 
 
 
 
 
 
This deed of agreement made on this ____ day of ________, 2000, between:
 
 
 
 
Mr. RN, aged about __ years s/o Mr. PT, r/o _________________, hereinafter called the 1st party.
 
 
 
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: -
 
 
 
 
That both the parties have agreed upon to appoint Mr. SB s/o Mr. KM r/o ______________________ as arbitrator.
 
 
 
 
 
That both the parties appoint Mr. SB as arbitrator.
 
 
 
 
 
That the arbitrator will go through the partnership deed and decide the dispute between the parties under the provision of the partnership deed.
 
 
 
 
 
That this deed shall be confined only up to the dispute of the management of the firm.
 
 
 
 
 
 
 
 
Witnesses:
 
 
 
1. Name……………. Sd/-………..1st party
 
Address…………. Sd/-………..2nd party
 
………………….
 
2. Name…………….
 
Address………….
 
…………………..
 
  
 
 
 
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What if one party has exclusive right to appoint an Sole Arbitrator as per the agreement ?

Is it vaild ?

 

Regards

 

 
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