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Labrish
Nyuuz
Contractors Settle Fights With Arbitration Over Court Cases
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[QUOTE="Nehanda, post: 28258, member: 2262"] The construction business is moving fast these days. Contractors, property developers, and engineers handle many projects. Many people and companies sign building agreements, which include General Conditions, Bills of Quantities, Letters of Acceptance, Contract Agreements, and Deeds of Suretyship for their construction work. People argue about construction contracts every day. They fight about what contracts mean or when someone fails to complete work properly. Arbitration helps solve these fights without going to court. Both sides agree to let a neutral person decide who wins. Each side tells its story to this arbitrator, who listens, considers the facts, and makes a final decision that binds everyone. Courts respect contracts unless something really unusual happens. When construction papers include arbitration rules, judges usually send those cases to arbitration instead of handling them directly. This happens because both sides already promised to use arbitration before any problems started. The Doves Funeral Assurance case against Zimbabwe Platinum Mine showed how strong arbitration agreements can be. The court said having an arbitration clause gives you a good defense against lawsuits because you must try arbitration first. Zimbabwe law clearly states any dispute where both parties agree to arbitration should go through that process rather than regular courts. [/QUOTE]
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Contractors Settle Fights With Arbitration Over Court Cases
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