SPECIMEN ARBITRATION CLAUSE IN PARTNERSHIP AGREEMENT[CD1]
All disputes and differences
whatsoever, which shall either during the subsistence of this partnership or
thereafter between the parties hereto or any of. them or, his, her, their
heirs, executors, administrators or representatives touching these presents or
construction, interpretation or application of any clause, thing or matter
herein contained or any account, valuation, division of profit or loss or
assets or debts, liabilities or to any act, deed or omission of any of the
partnership or as to any other matter relating to or connected with the
partnership constituted herein, or the business or affairs thereof or the
rights or duties of any partners or their legal heirs under these presents,
shall be referred to the joint arbitration of Shri …………………………Solicitor and
…………………………Solicitor ,who shall have summary power to adjudicate such reference.
The arbitration shall take place at …………………………and shall be subject to the
jurisdiction of................ court
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