Agreement Appointing A Common Arbitrator

Arbitration agreements are everywhere now-a-days, and there are high chances that you’ve signed a few without even realizing it, as it ordinarily a clause forming a part of a larger agreement. You may have agreed upon it by clicking “agree” to the terms and conditions while buying your mobile phone online.

An arbitration agreement is a written contract legally binding, comes into picture when a dispute or difference arise between two or more parties as to their rights and liabilities. An independent third party is appointed as an arbitrator to come to the rescue of the dispute or difference instead of by a court of law.

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