Choice of Two Arbitrators Clause Samples
The 'Choice of Two Arbitrators' clause establishes that each party involved in a dispute will select one arbitrator to participate in the arbitration process. Typically, after both parties have chosen their respective arbitrators, these two individuals may then select a third, neutral arbitrator to complete the panel. This approach ensures that both parties have a say in the composition of the arbitration tribunal, promoting fairness and impartiality in resolving disputes.
Choice of Two Arbitrators. If there is to be a hearing on the respondent's objection to use of the expedited procedure, the parties have the option of selecting one arbitrator to rule on such objection and another arbitrator to determine the remaining issues in the case, both of whom shall be selected pursuant to this subparagraph 5.