Arbitration Law Clause Samples

Arbitration Law. JURISDICTION;

Arbitration Law. In the event of a disagreement between Lessor and Lessee concerning this Lease, performance hereunder, or damages caused by Lessee’s operations, settlement shall be determined by a panel of three disinterested arbitrators. The arbitration process shall be initiated by one party sending written notice of arbitration to the other party. Within ten (10) days after receipt of an arbitration notice, Lessor and Lessee shall appoint and be responsible to pay the fee of one arbitrator each, and the two so appointed shall appoint the third, whose fee shall be borne equally by Lessor and Lessee. The arbitrators shall determine the procedure to be used for arbitration and shall render their decision within thirty (30) days after appointment of the third arbitrator. The award of the arbitrators shall be final. If either party fails to timely appoint its arbitrator or if the two arbitrators appointed fail to appoint a third arbitrator within ten (10) days after their appointment, then either party may make application to any court having jurisdiction over the Leased Premises for the appointment of the last arbitrator. This Lease shall be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania, without regard to conflicts of law principles that might refer the interpretation hereof to the laws of another state.

Arbitration Law. Any dispute in connection with the interpretation and fulfillment of this Agreement shall be decided by arbitration in accordance with the laws of New South Wales and or the Commonwealth of Australia.

Arbitration Law. Unless otherwise specified in the appropriate space on Page One of this Agreement, any dispute in connection with the interpretation and fulfillment of this Agreement shall be decided by arbitration in London and in accordance with the laws of England. The dispute shall be referred to a single Arbitrator to be appointed by the parties hereto. If the parties cannot agree upon the appointment of a single Arbitrator, the dispute shall be settled by three Arbitrators, each party appointing one Arbitrator, the third being appointed by the current President of the Mediterranean Yacht Brokers Association or the American Yacht Charter Association. Appointment of Arbitrators, or substitution of Arbitrators who are not available, shall be made within two (2) weeks of written notice by the other party, failing which the President of the Association appointing the third Arbitrator shall also appoint an Arbitrator on behalf of the party who fails to appoint one. The award rendered by the Arbitration shall be final and binding upon both parties and may if necessary be enforced by the Court or any other competent authority in the same manner as a judgment in High Court. If notice of Arbitration proceedings is given by either party, the Stakeholders, after receiving notification of such proceedings, shall not deal with those monies held by them without the agreement of both parties or in accordance with the order of the Arbitrators or their final award. The monies should be held in a designated client account. This account should be interest bearing where national banking rules permit. The Stakeholders may, with the agreement of both parties, pay the monies into an escrow account jointly controlled by the accredited legal representatives of both parties pending the result of the Arbitration.

Arbitration Law. This Agreement shall be governed by and construed in accordance with English law and any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the arbitration Act 1996 or any statutory modification or re-enactment thereof. The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association Terms current at the time when the arbitration proceedings are commenced. Nothing herein shall prevent the parties agreeing in writing to vary these provisions to provide for the appointment of three or a sole Arbitrator. In cases where neither the claim nor any counterclaim exceeds the sum of €50 000 or currency equivalent (or such other sum as the parties may agree). The award rendered by the arbitration shall be final and binding upon both parties. Notwithstanding the above, the parties may agree at any time to refer to mediation any difference and/or dispute arising out of or in connection with this Agreement.

Arbitration Law. The Federal Arbitration Act (“FAA”) shall govern all arbitration proceedings under this DR Agreement. If any term or condition in this DR Agreement is found by any court of competent jurisdiction to be unenforceable, the then current Texas Arbitration Act (the “TAA”) will govern all arbitration proceedings under this DR Agreement.

Arbitration Law. The first arbitral proceeding shall take place within one hundred twenty (120) days after the due constitution of the Tribunal.

Arbitration Law. The arbitration shall be conducted in Taipei, by a panel of three arbitrators. Each party in the dispute shall appoint one arbitrator, and the two arbitrators shall jointly appoint the third arbitrator. If the two arbitrators cannot agree on the third arbitrator, the third arbitrator shall be appointed by the Arbitration Association of the Republic of China. The parties agree that the arbitrators in any such arbitration shall not be empowered to add to, subtract from, or modify, alter or amend the terms of this Agreement. The arbitration proceedings shall be conducted in the English language, including, without limitation, any oral or written communications. The decision of the arbitrators shall be final and binding on the parties to the arbitration, and shall be enforceable by all available enforcement mechanisms or proceedings in any court having jurisdiction under any applicable law. Each party shall bear its own legal fees and expenses. 12. This Agreement shall be governed by the laws of the Republic of China. 13. This Agreement constitutes the entire agreement between the parties with respect to its subject matter and supersedes any and all prior agreements, understandings, promises, warranties or representations made by each to the other concerning the subject matter. 14. This Agreement may be modified or amended only by a written agreement duly executed by the parties. No waiver of any of the terms or provisions in this Agreement is valid unless it is written and duly executed by the party against whom the waiver is to be enforced. 15. This Agreement shall be executed in the English language. 16. SanDisk and L&L will each simultaneously issue a separate press release to announce this Agreement in the U.S. and R.O.C., respectively. SanDisk's announcement will contain only such financial terms as are required by the disclosure requirements of the rules and regulations of the United States Securities and Exchange Commission. Neither party shall disparage the other party in any public statements. 17. L&L shall have the right to prepay all or part of the Second and Third Portions, and in case of any prepayment by L&L, the prepaid portion of the Second and Third Portions, including any Recovered Amounts received by SanDisk for settlement of the Second and Third Portions, shall be discounted by a rate of [ *** ] per annum. 18. Whenever in connection with remitting Recovered Amounts to SanDisk L&L is required to obtain all approvals from relevant government...