What Are the Factors That the Arbitrator Needs to Consider

question 45

Essay

What are the factors that the arbitrator needs to consider while preparing the award?

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Definitions:

Society

A structured community of people bound together by similar traditions, institutions, or nationality, often characterized by complex relations and collective goals.

Partnership Agreement

A contract between partners that outlines the terms of the partnership, including contributions, profit sharing, and management roles.

Clauses

Individual provisions or sections within a contract, legal document, or statute, which stipulate specific conditions, requirements, or terms.

Written Agreement

A formally documented contract between parties, outlining the terms and conditions that are binding.