Importance Of Arbitration In Law

INTRODUCTION

Limping Engineering Limited recognizes that embroilments may arise during the performance of contractual agreements. Our company strongly believes that the best method in addressing issues arising out of contracts is through a privately held arbitration process. The arbitration process is seen as valuable to both the client and Limping Engineering Limited- because of its agile nature to resolve issues, and the process is typically less expensive oppose to litigation, hence the creation of “Limping Engineering Limited internal arbitration policy.”

Application of policy

This policy seeks to include all parties which have signed into the contractual agreement by way of direct means or indirect means (subcontractors, professionals,

(b) This document also outlines the responsibilities and right of Limping Engineering Limited where so ever applies.

(c) Limping Engineering Limited has the option of out sourcing the arbitration process to any of its listed Dispute Resolution Centers.

Amendment of Arbitration Policy

The policy can be modified at any time without notice in writing or any other communication medium thereof; such amendments will be in effect upon the starting of the arbitration proceedings. Policy conflicting with Law

If any of the stated guidelines of this policy found to be contradictory with the law of the land, the law in this case, will take full precedence over the arbitration proceedings.

Starting the Arbitration proceedings

The commencement of the arbitration proceedings will be in effect after Limping Engineering Limited has acknowledged receipt of the request letter for the arbitration proceeding, of either of the following.

• A written confirmation of a verbal agreement.

• A copy of a court order

• A pre-dispute written

Only if the names submitted for the arbitration proceedings is not identical to the parties in the existing arbitration, then and only will Limping Engineering have a separate proceeding . Limping Engineering Limited will take into consideration all details from the proceedings before consolidating any arbitration proceeding.

d) This will take effect if law so permits for such consolidation of arbitration proceedings.

Number of arbitrators

a) Only one neutral arbitrator will be allowed to preside over the proceedings, however, it is subjected to change upon agreement of all involve parties for an increased number of arbitrators.

b) Both parties (the plaintiff and the defendant) are to provided names of one arbitrator each, and provide full contact information. Failure to do so within 7 working days of the plaintiff being notified, Limping Engineering Limited holds all right to use the name of arbitrator they have