Common use of Expenses of the Arbitration Board Clause in Contracts

Expenses of the Arbitration Board. (a) Each party shall pay one-half (1/2) of the remuneration and expenses of the arbitration board. (b) When a three (3) person arbitration board is used each party shall pay the fees and expenses of its appointee and one-half (1/2) of the fees and expenses of the chairperson.

Expenses of the Arbitration Board. ‌ (a) Each party shall pay one-half (1/2) of the remuneration and expenses of the arbitration board. (b) When a three (3) person arbitration board is used each party shall pay the fees and expenses of its appointee and one-half (1/2) of the fees and expenses of the chairperson.