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Types of arbitrations that are primarily recognized in India on the basis of procedure and rules: Institutional arbitration. Ad hoc arbitration. Fast track arbitration.

Arbitration occurs when a dispute or difference between two or more parties is referred to an independent person to resolve under the provisions of the State Commercial Arbitration Law.

To draft a valid arbitration agreement, parties should also be conscious of the requirements imposed on specific parties or the inarbitrability of certain disputes. Some countries may impose requirements such as a formal authorisation for State entities to enter into arbitration agreements.

Written Agreement An arbitration agreement must be documented in writing, as emphasised by Section 7(4) of the Act. This can be in the form of a written document or any form of communication, including telegrams or telex, as long as there's a record of the communication.

In general, the arbitration agreement provides the basis for arbitration. It is defined as an agreement to submit present or future disputes to arbitration. b) An agreement by which the parties to a dispute that has already arisen submit the dispute to arbitration (submission agreement).

Section 7(1) of the Act provides that an arbitration agreement means an agreement by the parties to submit to arbitration all or certain disputes which have arisen or which may arise between them in respect of a defined legal relationship, whether contractual or not.

B) An agreement by which the parties to a dispute that has already arisen submit the dispute to arbitration (submission agreement). The arbitration clause therefore refers to disputes not existing when the agreement is executed.

Sample arbitration clause All the arbitration proceedings shall be conducted in (language). The arbitration proceedings shall be governed by the ___and the seat shall be ____. The arbitral tribunal shall meet, examine witnesses and hear the proceedings at ___.

An Employer and Union turn to an arbitrator, or panel of arbitrators, to resolve the differences between what each party wants included in the contract ? if they do not voluntarily reach an agreement.