Section 40 of ACA : Section 40: Arbitration Agreement Not To Be Discharged By Death Of Party Thereto
ACA
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Explanation using Example
Imagine Sarah and Mike entered into a business contract which included an arbitration agreement to resolve any future disputes. Unfortunately, Sarah passes away before a dispute arises. Despite Sarah's death, under Section 40(1) of The Arbitration and Conciliation Act, 1996, the arbitration agreement remains valid. Thus, if a dispute arises, Mike can still enforce the arbitration agreement agai...
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