Resolution of Disputes and Arbitration. (i) Any dispute arising between the Caterer and AIL (herein referred to as Party/Parties), in respect of the construction, interpretation, application, meaning, scope, operation or effect of the Agreement or the validity or breach thereof, shall first be settled by mutual consultation between the authorized representatives of the Parties. (ii) If the dispute remains unresolved after a period of 90 (ninety) days from the date when the mutual consultation has started in writing, the matter shall be settled in the manner as mentioned below. (iii) In the event of any dispute, differences of any kind arising under this Agreement, the same shall be referable to a Sole Arbitrator to be appointed by the Caterer out of three (3) names suggested by AIL within thirty (30) days from the receipt of such names by the Caterer. (iv) In the event that the Caterer do not appoint the sole arbitrator within the period of 30 (thirty) days as mentioned herein, AIL shall appoint an arbitrator of its own choice. (v) The award published by the Sole Arbitrator shall be final and binding on the Parties. The proceedings of the Arbitration shall be conducted in English language and place of hearing shall be Mumbai. (vi) The costs of the arbitration shall be borne as per the directions given under arbitral award.
Appears in 5 contracts
Samples: Catering Agreement, Catering Agreement, Catering Agreement
