Interpretation of the arbitration agreement and its compulsory force

Abstract

The alternative arbitration is deemed to be the best for contractors and when the conflict between the parties to the arbitration agreement since it caters for justice and legal solutions outside the stale courts. In order for the aspired goals of resolving conflicts by way of arbitration to be achieved the formulation of arbitration agreement shall be couched in different ways accurately and carefully in order that words and expressions used in formulation may express the content of the agreement unambiguously. Bad formulation of the arbitration agreement may result in serious problems, a case which calls for the actual need to interpret this agreement and delimit its scope..