Dear Experts
Though I have read in this forum that The blank and open provision that in the event of dispute a sole Arbitrator will be appointed by one party is not legal under contract act as well under Arbitration act.
I signed an agreement which says, "The claim for compensation/liquidated damages for any breach and all other matters, actions, disputes, claims, differences or controversies between the parties hereto arising out of or in connection with or in relation to this Agreement, whether in contact, tort, or otherwise shall be finally settled and resolved by arbitration to be conducted at New Delhi, in accordance with the Arbitration & Conciliation Act 1996, by Sole Arbitrator appointed or nominated by the Director of the Employer. The decision of this arbitrator shall be final and binding on both the parties.
I above clause, there is no mention of Who will be the arbitrator at he time of dispute?
So, is it open or blank provision? as it gives right to one party to decide and impose the decision on other.
Please help!
RSH
