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Submission clause . MEANS THE LANGUAGE THAT IS ATTACHED TO THE TITLE TO FORM A QUESTION THAT CAN BE ANSWERED BY "YES" OR "NO".
Parties to a contract agree to have their case reviewed by a third partycalled an arbitratorand to be bound by the arbitrator's decision. Mandatory binding arbitration often requires the parties to waive specific rights, like the right to sue and the right to appeal any decision.
Generally, in India the types of the arbitration process are classified into three:Ad hoc arbitration.Institutional arbitration.Fast track arbitration.
Step by step guide to arbitrationStep 1 Show details. Claimant. Appoints its arbitrator, pays the registration fee and files its request for arbitration.Step 2 Show details. Claimant.Step 3 Show details. SCC.Step 4 Show details. Claimant.Step 5 Show details. The Arbitral Tribunal.Step 6 Show details. The Arbitral Tribunal.
To give you an idea of the process that arbitration typically involves, the American Arbitration Association describes artibtration as having five main steps:Filing and initiation.Arbitrator selection.Preliminary hearing.Information exchange and preparation.Hearings.Post hearing submissions.Award.
Arbitrators rarely apply a quantum of proof as stringent as the criminal standard of proof beyond a reasonable doubt, opting instead for a lesser standard such as requiring the employer to prove misconduct by clear and convincing evidence or by a preponderance of evidence.
In the submission agreement, the parties agree to submit only a specific dispute to arbitration. They can do so at the time the dispute arises, while the parties are engaged in negotiations for a resolution, or even if the dispute is already being actively litigated in court.
2. Submission Agreements / Arbitration Deeds. We noted that arbitration clauses are made before any dispute arises. Submission agreements, however, are agreements to arbitrate made after the dispute has arisen.
In this kind of Arbitration, the parties agree for the dispute to be resolved without an oral hearing. Written documents include pleadings, evidence, and statements of witnesses.
The written document created by the claimant that informs the respondent that it wishes to arbitrate a dispute. This document provides basic information about the dispute, the parties involved and what the claimant wants as a result of the arbitration.