Agreement From Builder

12. This contract is executed in two copies, the original is kept by the owner and duplicated by the owners. The RERA section is 11 (4) which concerns the contractor-buyer contract. Here are some of the main take-aways for you: I really appreciate the information about the given agreement. But it would be more useful if the legal procedure or formalities were provided for the same thing. Thank you 11. Any dispute or dispute over specifications, constructions, drawings and the quality of the processing or equipment used in the work or any other issue raised by or in connection with the contract, design, drawings, specifications, specifications or any other form related to the agreement or execution of the work, the arbitration procedure is referred by two arbitrators during the progress of the construction or after their completion or task. , one that must be named by each party. Referees appoint an arbitrator before entering the reference.

The parties would cooperate and conduct evidence, etc. with the arbitrators, and if one of the parties did not cooperate or remain absent from the reference, the arbitrators or the arbitrator would be free to proceed with the former reference party. The arbitrator maintains records of the evidence presented orally by the parties and submits it to the Tribunal at the time of sentencing, as well as documents submitted by the parties or their witnesses. The referee`s or arbitrator`s procedure must be noted in English and a copy of co2 must be sent to each party. Arbitrators or arbitrators are entitled to appoint reporters for the arbitration registration procedure, consult an expert, after prior notification to the parties of the reference, the costs that are borne equally by the parties. The arbitrator`s fees appointed by a party are borne by the party, so that the appointment and costs of the arbitrator and other arbitration costs are borne equally by the parties. Arbitrators issue their award based on the decision within six months of the date of introduction to the reference.

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