Compliance with Delaware Arbitration Act Clause Samples
The "Compliance with Delaware Arbitration Act" clause requires that any arbitration proceedings arising from the agreement adhere to the rules and procedures set forth in the Delaware Arbitration Act. This means that the arbitration process, including the selection of arbitrators, conduct of hearings, and enforcement of awards, must follow Delaware's statutory framework. By referencing this Act, the clause ensures that the arbitration is governed by a well-established legal standard, providing predictability and legal certainty for both parties involved in resolving disputes.
Compliance with Delaware Arbitration Act. This Article 10 shall be construed to the maximum extent possible to comply with the laws of the State of Delaware, including, to the extent applicable, the Uniform Arbitration Act (10 Del. C. Section 5701 et seq.) (the “Delaware Arbitration Act”). If, nevertheless, it shall be determined by a court of competent jurisdiction that any provision or wording of this Article 10 shall be invalid or unenforceable under the Delaware Arbitration Act, to the extent applicable, or other applicable law, such invalidity shall not invalidate all of this Article 10. In that case, this Article 10 shall be construed so as to limit any term or provision so as to make it valid or enforceable within the requirements of the Delaware Arbitration Act or other applicable law, and, in the event such term or provision cannot be so limited, this Article 10 shall be construed to omit such invalid or unenforceable provision.