Generally,an Arbitrator's Award Does Not Need to Set Forth Conclusions

question 83

True/False

Generally,an arbitrator's award does not need to set forth conclusions of law or the reasons for an award.

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Definitions:

Involuntary Assignment

Assignment of rights that takes place involuntarily, as in the cases of death and bankruptcy.

Equity Provision

A clause in an agreement that allows for adjustment based on the equity value of an entity or asset.

Contract Terms

The specific provisions, conditions, and stipulations that define the agreement and obligations between parties in a contract.

Subject to the Equities

A condition indicating that rights or claims are governed by or contingent upon the principles of equity or fairness in a legal context.