terms

2
TERMS DISPUTE / LAW: Any dispute arising in connection with this Agreement which cannot be settled by mutual or amicable agreement shall in all instances be finally settled under the rules of CRCIA (Cairo Regional Centre for International Commercial Arbitration) Arbitration Centre, which rules are deemed to be incorporated by reference into this clause. The number of Arbitrators shall be one. The Arbitration will be conducted in English. The Arbitration proceeding shall take place in Egypt. The decision and award resulting from such arbitration shall in all instances be final and binding on the parties. Judgement upon the arbitration award may be rendered by any court of competent jurisdiction, or application may be made to such court for a judicial acceptance of the award and an order of enforcement. In the event an action for judgement or execution is brought before a court of competent jurisdiction on the arbitration award or on the judgement rendered thereon, the parties waive all rights to object thereof insofar as permissible under the applicable law. The Agreement shall be governed by and interpreted in accordance with the laws of Egypt. CHANGES/RE-WORK/COMMENTS: Any Services required by Developer, after the approval of Consultant’s work due to mistake or negligence by the Consultant will be provided by the Consultant immediately without any delay and without any cost implication to the Developer. If the Consultant fails to carry out any of his obligations, or if the Consultant is not executing the works in accordance with the Contract, the Developer’s Representative may give notice to

Upload: imrozkhan1

Post on 10-Nov-2015

212 views

Category:

Documents


0 download

DESCRIPTION

Terms

TRANSCRIPT

TERMS

DISPUTE / LAW:

Any dispute arising in connection with this Agreement which cannot be settled by mutual or amicable agreement shall in all instances be finally settled under the rules of CRCIA (Cairo Regional Centre for International Commercial Arbitration) Arbitration Centre, which rules are deemed to be incorporated by reference into this clause. The number of Arbitrators shall be one. The Arbitration will be conducted in English. The Arbitration proceeding shall take place in Egypt. The decision and award resulting from such arbitration shall in all instances be final and binding on the parties. Judgement upon the arbitration award may be rendered by any court of competent jurisdiction, or application may be made to such court for a judicial acceptance of the award and an order of enforcement. In the event an action for judgement or execution is brought before a court of competent jurisdiction on the arbitration award or on the judgement rendered thereon, the parties waive all rights to object thereof insofar as permissible under the applicable law.

The Agreement shall be governed by and interpreted in accordance with the laws of Egypt.

CHANGES/RE-WORK/COMMENTS:

Any Services required by Developer, after the approval of Consultants work due to mistake or negligence by the Consultant will be provided by the Consultant immediately without any delay and without any cost implication to the Developer.

If the Consultant fails to carry out any of his obligations, or if the Consultant is not executing the works in accordance with the Contract, the Developers Representative may give notice to the Consultant requiring him to make good such failure and remedy the same within a specified reasonable time.

The Developer's Representative is under no obligation to give notice, so the Consultant cannot rely on the absence of a notice as indicating that the Consultant and his personnel are carrying out his obligations or that the works are in accordance with the Contract.