Sample Statement Of Claim For Arbitration In Tarrant
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I) the names and addresses of the arbitrators, the parties and their legal representatives; ii) the terms of the arbitration agreement between the parties; iii) a summary of the facts and procedure including how the dispute arose; iv) a summary of the issues and the respective positions of the parties; v) an analysis ...
A claimant will typically start arbitration by sending a document known as a “request for arbitration” or a “notice to arbitrate” to its opponent.
Much like the opening statement in a trial, your arbitration statement should lay out what the “evidence” – the written material – will show regarding the proper credit on the project. The Arbitration Statement is not established fact, just your assessment of the material.
In conclusion, an effective opening statement will tell the arbitrator in a concise, courteous fashion exactly what the factual situation in the case is, what the issues are, how the advocate wants the arbitrator to rule on the issues, and exactly what relief is being requested.
STATEMENT OF CALIM : next step in an arbitration proceedure is to draft a statement of clai. A statement of claim normally consists of the matter of dispute between the parties, the events and circumstances which led to the dispute and the compensation claimed from the defaulting party.
"Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the LCIA Rules, which Rules are deemed to be incorporated by reference into this clause.
The Scope of the Clause. This section of the clause is critical; it sets the boundaries for which disputes the tribunal is authorised to determine. Choice of Rules. The Number of Arbitrators. Appointing Authority. Choice of Venue. The language of the proceedings. Finality. Exclusion of the right of appeal.
Your letter of arbitration should be concise, professional, and factual. Follow the standard business letter format, including your name and contact information at the top. Ensure that your writing is clear, and avoid using jargon or technical terms that may not be familiar to the reader.
