Arbitration Agreements

Abstract

The arbitration agreement must be paid extra care to carefully craft and draft to avoid future litigation of any kind. Several countries' laws and the United Nations CITRAL have given several provisions which need to be incorporated into the contractual arbitration agreement for it to be legally sound and executable, reflecting the evolution of arbitration as an alternative dispute redressal mechanism. Because of this, there are many facets of arbitration agreements that need to be discussed at length. These include the significance of arbitration agreements, the forms of arbitration agreements, their definitions, validity, foreign arbitration agreements to be executed in a domestic environment, the jurisdiction of the arbitral tribunal, the doctrine of Kompetenz-kompetenz, and international commercial arbitration agreements. The goal is to give readers the knowledge they need on these specific issues.