Examples of Dispute Adjudication Agreement in a sentence
The Adjudicator shall be paid for the dispute resolution services by the Principal and Contractor (in equal parts) an amount in euro, VAT inclusive, which amount needs to be agreed in each and every case with the Adjudicator separately and needs to be specified in the Dispute Adjudication Agreement, within sixty (60) days upon receipt of the Adjudicator’s invoice and the Adjudicator’s decision as per Rule 21.
The Dispute Adjudication Agreement shall take effect when the Principal, Contractor and the Adjudicator have respectively each signed a dispute adjudication Agreement.
If the Adjudicator fails to comply with any obligation under the Dispute Adjudication Agreement or the Agreement, he/she shall not be entitled to any fees or expenses hereunder and shall, without prejudice to their other rights, reimburse each of the Principal and Contractor for any fees and expenses received by the Adjudicator (including those paid as an advance), for proceedings or decisions (if any) of the adjudication which are not duly and properly rendered, or rendered void or ineffective.