Award By An Arbitral Tribunal
Updated at | August 2009 |
THIS IS THE AWARD by the undersigned, made on the...........day of..........
WHEREAS by an agreement under the deed, dated...........and made between (contractor) of the one part and................(owner of the property)of the other part (being an agreement by the said contractor) to construct certain works upon the land of the said (owner) in accordance with sanctioned plans and specifications contained therein it was agreed between the parties that if any dispute should arise in future between the parties thereto relating to or touching the said agreement or the interpretation thereof or in relation to the rights, duties or liabilities of either party thereunder the same should be referred to two arbitrators and their umpire in accordance with the provisions of Arbitration & Conciliation Act, 1996.
AND WHEREAS disputes having arisen between the aforesaid parties relating to the said agreement the said (contractor) by writing dated..........nominated and appointed Shri............(one arbitrator)............of etc, and the said (owner) by writing dated.................nominated and appointed Shri...........(other arbitrator).......of etc, to act as arbitrators and settle the said matters in dispute between the parties.
AND WHEREAS the said arbitrators respectively accepted the said appointments and took upon themselves to discharge the burden of the said reference and before starting the proceeding for the consideration of the disputed matter reerred to them by writing under their hands dated..........appointed me the said Presiding Arbitrator in the said arbitration.
AND WHEREAS the said arbitrators duly extended the time for making the award until the...........day of.............
AND WHEREAS the said arbitrators were unable to agree amongst themselves unanimously upon an award and under such circumstances gave me notice in writing dated.............and thereupon the disputes stood referred to me.
NOW BE IT KNOW that, I, said Presiding...
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