What contents should be contained in the arbitration agreement?
The content of the arbitration agreement should be simple but accurate, the following contents are highly recommended: - Type of arbitration (Institutional arbitration or Ad hoc arbitration); - The arbitration centre agreed by parties; - The number of arbitrators (1 or 3); - The place of arbitration; - Applicable law of arbitration; - Language of […]
How to choose arbitration for dispute resolution?
A dispute can only be brought to arbitration if there exist an arbitration agreement between the parties. An arbitration agreement may be in the form of an arbitration clause in a contract or in the form of a separate agreement (annexed to the contract) established during or after concluding the contract, or after the dispute […]
What is the advantages of arbitration?
First, arbitration is flexible and independent of the court. During the process of arbitration proceedings, parties are free to appoint arbitrators and agree upon the procedure of the arbitration, such as language of the arbitration, place of the arbitration, applicable law, ect. Second, arbitration is able to protect trade secrets and confidential information of the disputes as […]