Owing to India’s huge and highly competitive business industry, business disputes are on the rise. While the resolution of disputes through the process of the court can be tedious and lengthy, Arbitration provides for a comparatively easier and more economical solution. While arbitration enables businesses to settle their disputes expeditiously, at the same time, it is important to have the best arbitration lawyers onboard especially in cases where the stakes are high. Unfortunately, a lost case in arbitration can bring irreversible losses. A  seasoned arbitration lawyer in Chandigarh can rightly guide through the process of arbitration and can help make a substantial difference in the result of the case.

Arbitration is a process of dispute resolution between the parties and an effective alternative to litigation. It is governed by “The Arbitration and Conciliation Act, 1996 ”. The process of arbitration can commence only if there exists a valid Arbitration Agreement between the parties prior to the emergence of the dispute. Such an agreement must be in writing. The contract, concerning which the dispute arises, must either contain an arbitration clause or must refer to a separate document signed by the parties containing the arbitration agreement. The existence of an arbitration agreement can also be inferred by written correspondence such as letters, telexes, telegrams, emails, etc. which provide a clear record of such agreement.