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Published in:
1981 | OriginalPaper | Chapter
Arbitration
Authors : Jack H. Leigh, F.I.W.Sc., Alan G. Randall
Published in: Timber Trade Practice
Publisher: Macmillan Education UK
Included in: Professional Book Archive
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The arbitration clause in a contract is the ultimate safeguard for the buyer, that if in his opinion the seller has failed to fulfil the contract in all respects, he can demand arbitration, and if it is decided that he has good cause for complaint, he will be awarded compensation. This applies not only to goods shipped but also to non-shipment; in fact, any dispute under the contract, if not settled amicably, has to be dealt with under the arbitration procedure.