Hotel Management Agreement Draft Page 15
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17arrived at, then as per the provisions of the Indian
Arbitration and Conciliation Act, 1996 and Rules framed
thereunder.
3.
The decision of the Arbitration Panel or, as the case may be,
the sole Arbitrator, shall be final and binding on both Parties
to this Agreement.
4.
The Arbitration proceedings shall be governed by the said
Indian Arbitration and Conciliation Act, 1996 and Rules
framed thereunder.
5.
The venue of Arbitration shall be ________________ and the
cost of Arbitration shall be borne equally by the Parties.
PART XVI
FORCE MAJEURE
1. This Agreement shall not in any way be affected, nor shall any Party
hereto be held liable for any failure or delay in the performance of any
undertaking of a term or condition herein, if such failure or delay is
due to any cause or causes beyond its control, including but not limited
to fire, flood, damage by the elements, perils of the sea or air, accident,
act of God, strike, lockout, or other labour disorder, act of foreign or
domestic de jure or de facto government, whether by law, order,
legislative decree, rule, regulation or otherwise, revolution, civil
disturbance, breach of peace, declared or undeclared war, act of
interference or action by civil or military authorities or due to any other
cause beyond the Party‟s control.
PART XVII
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