Arbitration involves settling disputes between contracting parties through a neutral third party arbitrator rather than courts. An arbitration agreement must be in writing and indicate the parties' consent to arbitrate present or future disputes, though it need not name the arbitrator. Such agreements bar civil suits on matters covered. Courts will stay lawsuits if the dispute is arbitrable, the parties consent to arbitration, and there was no fraud. Certain matters like family law are generally not arbitrable. The arbitration process can occur with or without court intervention, and awards must be made within set timeframes to be binding.

1. ARBITRATION

2.  Settlement of a dispute(whether of fact, law,
or procedure) between parties to a contract by
a neutral third party (the Arbitrator) without
resorting to court action.
 A written agreement to submit present or
future differences to arbitration , whether an
arbitrator is named therein or not. -Sec 2(a)

3.  Need to be written.
 The parties must agree to the settlement of
disputes by arbitration.
 The name of the arbitrator need not to be
mentioned.
 The agreement may refer to present or
possible future differences.
 If the agreement lacks the elements of
contract, it won’t be valid.

4.  Bar of suits
-If the parties enter into an agreement to refer
disputes relating to a matter to arbitration
they may be prevented from agitating the
same matter in a court of law .Thus an
Arbitration agreement is a bar to a civil suit
relating to the matters covered by the
Arbitration Agreement.

5.  Conditions to stay the suit in court :
- no stay will be granted if the suit relates to
the matter outside the scope of the
arbitration agreement.
- the parties should always desire to ready and
willing to proceed with the arbitration.
- the arbitration agreement must not have
been the result of fraud.

6.  a minor or a lunatic
 next friend or guardian of a minor
 a partner
 an agent
 manager of joint family
 a trustee
 solicitors and advocates
 an insolvent

7.  Matrimonial matters
 Testamentary matters
 Insolvency
 Matters relating to guardianship of minor
 Criminal matters
 Questions relating to charities or charitable
trusts

8.  Arbitration without the intervention of the
court.
 Arbitration through court when no suit is
pending.
 Arbitrating a suit.

9.  The reference shall be to a sole arbitrator.
 If the reference is to ban even number of
arbitrators, the arbitrators shall appoint an
umpire.
 The arbitrator shall make their award within four
months.
 The umpire shall make his award within two
months.
 The award shall be final and binding on the
parties and persons calming under them
respectively.

10.  Award :The decision of the arbitrators or the
umpires is called award .
 Award’s Essentials :
-written
-with date and signature
-notice
-frees and charges
-legality