Common use of Arbitral Award Clause in Contracts

Arbitral Award. 34.1: The award shall be made in writing and shall be signed by the arbitrator or arbitrators. In arbitral proceedings with more than one arbitrator, the signatures of the majority of all members of the arbitral tribunal shall suffice, provided that the reason for any omitted signature is stated. 34.2: The award shall contain full identification of the parties to the arbitral proceedings and their legal representatives and the names of the arbitrators who have rendered the award. 34.3: The award shall state the reasons upon which it is based, unless the parties have agreed that no reasons are to be given or the award is an award on agreed terms under section 32 sub. 2.

Appears in 4 contracts

Samples: Dis Arbitration Agreement, Arbitration Agreement, Arbitration Agreement

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