MODEL CLAUSE
1. JustAct Model Arbitration Clause
In the event of any dispute arising out of or in connection with anything contained in the Agreement [or otherwise], the parties shall refer the dispute for arbitration through JustAct [www.justact.co.in] (“Institution”).
The parties may use any other ADR institution provided such institution is agreed mutually by the parties.
The arbitration shall be in accordance with the Arbitration and Conciliation Act, 1996 or any statutory modification or re-enactment thereof. The seat of arbitration shall be Chennai, India and language of the proceeding shall be English. The award of the Arbitrator shall be final and binding on the Parties. The arbitration may be conducted online.
The Institution shall, among other things, appoint neutral Arbitrator(s) and provide a platform for resolution of the dispute between the parties as per the arbitration Rules of the Institution.
Should this clause create a contradiction with a statutory requirement or a judicial mandate to resolve certain types of disputes through specific courts, the statutory requirement shall prevail.
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