{"id":241880,"date":"2022-01-10T06:45:40","date_gmt":"2022-01-10T06:45:40","guid":{"rendered":"https:\/\/reso.co.in\/?page_id=241880"},"modified":"2022-06-01T12:35:39","modified_gmt":"2022-06-01T12:35:39","slug":"model-clause","status":"publish","type":"page","link":"https:\/\/reso.co.in\/model-clause\/","title":{"rendered":"Model Clause"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>Dispute Resolution Clause<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]To adopt Reso online dispute resolution mechanism, we recommend that parties incorporate one of the following dispute resolution clauses in their contract:[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h3><u _ngcontent-uhr-c6=\"\">Arbitration Clause<\/u><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><span>Arbitration is a dispute resolution mechanism wherein parties are bound by an award made by the arbitrator. Parties should opt for arbitration if they desire a decision by an independent adjudicator.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#E9EAE5&#8243; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#D6D6D6&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_code module_id=&#8221;model_clause_cp_field_1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;justified&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]Any dispute or difference or claim arising out of or in relation to the agreement between ____________ and ______________, which cannot be resolved amicably, be referred for resolution to a sole arbitrator or if they cannot agree upon a single arbitrator within 30 days of any party invoking arbitration, the same shall be referred to a panel of 3 arbitrators, comprising of two arbitrators, one to be appointed by each of the parties to the dispute\/difference and the third arbitrator to be appointed by such two arbitrators and arbitration shall be conducted under and in accordance with provisions of the Arbitration and Conciliation Act, 1996 read with <b>Prompt Dispute Resolution Council (\u201cPDRC\u201d)<\/b> Rules and Regulations. The award being final and binding on the parties. The venue of arbitration shall be Prompt Dispute Resolution Council, _______________. The arbitral proceedings shall be conducted in the English language. [\/et_pb_code][et_pb_button button_text=&#8221;Copy&#8221; button_alignment=&#8221;right&#8221; module_id=&#8221;model_clause_cp_btn_1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;8b4edc63-7661-4716-915d-3bff04e95609&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_code _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<script><!-- [et_pb_line_break_holder] -->  jQuery(document).ready(function($) {<!-- [et_pb_line_break_holder] -->  $('#model_clause_cp_btn_1').click(function(){<!-- [et_pb_line_break_holder] -->  event.preventDefault();<!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    var copyText = $(\"#model_clause_cp_field_1 > div\").html();<!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    navigator.clipboard.writeText(copyText);<!-- [et_pb_line_break_holder] -->    $('#model_clause_cp_btn_1').text(\"Copied\");<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->    setTimeout(()=>{<!-- [et_pb_line_break_holder] -->      $('#model_clause_cp_btn_1').text(\"Copy\");<!-- [et_pb_line_break_holder] -->    },3000);<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->});<!-- [et_pb_line_break_holder] -->})<!-- [et_pb_line_break_holder] --><\/script>[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;70px|||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h3><u _ngcontent-uhr-c6=\"\">Mediation Clause<\/u><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><span>Mediation is a dispute resolution mechanism wherein parties mutually opt to settle the dispute facilitated by a mediator. Parties should opt for mediation if they desire a negotiated settlement.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#E9EAE5&#8243; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#D6D6D6&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_code module_id=&#8221;model_clause_cp_field_2&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;justified&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]Any dispute or difference or claim arising out of or in relation to the agreement between ___________ and __________, which cannot be resolved amicably, be referred for resolution to a Mediator and the Mediation shall be conducted under and in accordance with Prompt Dispute Resolution Council (\u201cPDRC\u201d) Rules and Regulations.<!-- [et_pb_line_break_holder] -->                The venue of mediation shall be Prompt Dispute Resolution Council, ________. The mediation proceedings shall be conducted in the ________ Language. The parties agree not to resort to litigation when the dispute resolution process is in motion. [\/et_pb_code][et_pb_button button_text=&#8221;Copy&#8221; button_alignment=&#8221;right&#8221; module_id=&#8221;model_clause_cp_btn_2&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;8b4edc63-7661-4716-915d-3bff04e95609&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_code _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<script><!-- [et_pb_line_break_holder] -->  jQuery(document).ready(function($) {<!-- [et_pb_line_break_holder] -->  $('#model_clause_cp_btn_2').click(function(){<!-- [et_pb_line_break_holder] -->  event.preventDefault();<!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    var copyText = $(\"#model_clause_cp_field_2 > div\").html();<!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    navigator.clipboard.writeText(copyText);<!-- [et_pb_line_break_holder] -->     $('#model_clause_cp_btn_2').text(\"Copied\");<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->    setTimeout(()=>{<!-- [et_pb_line_break_holder] -->      $('#model_clause_cp_btn_2').text(\"Copy\");<!-- [et_pb_line_break_holder] -->    },3000);<!-- [et_pb_line_break_holder] -->});<!-- [et_pb_line_break_holder] -->})<!-- [et_pb_line_break_holder] --><\/script>[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;70px|||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h3><u _ngcontent-uhr-c6=\"\">Conciliation Clause<\/u><\/h3>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><span>Conciliation : Conciliator are trained and qualified neutral persons who facilitate the disputing parties to understand the issues and to reach out to mutual binding agreement.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#E9EAE5&#8243; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#D6D6D6&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_code module_id=&#8221;model_clause_cp_field_3&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;justified&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]Any dispute or difference or claim arising out of or in relation to the agreement between ___________ and __________, which cannot be resolved amicably, be referred for resolution to a conciliator and the conciliation shall be conducted under and in accordance with Prompt Dispute Resolution Council (\u201cPDRC\u201d) Rules and Regulations.<!-- [et_pb_line_break_holder] -->                The venue of conciliation shall be Prompt Dispute Resolution Council, ________. The conciliation proceedings shall be conducted in the ________ Language. The parties agree not to resort to litigation when the dispute resolution process is in motion. [\/et_pb_code][et_pb_button button_text=&#8221;Copy&#8221; button_alignment=&#8221;right&#8221; module_id=&#8221;model_clause_cp_btn_3&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;8b4edc63-7661-4716-915d-3bff04e95609&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_button][et_pb_code _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; sticky_enabled=&#8221;0&#8243;]<script><!-- [et_pb_line_break_holder] -->  jQuery(document).ready(function($) {<!-- [et_pb_line_break_holder] -->  $('#model_clause_cp_btn_3').click(function(){<!-- [et_pb_line_break_holder] -->  event.preventDefault();<!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    var copyText = $(\"#model_clause_cp_field_3 > div\").html();<!-- [et_pb_line_break_holder] -->    <!-- [et_pb_line_break_holder] -->    navigator.clipboard.writeText(copyText);<!-- [et_pb_line_break_holder] -->     $('#model_clause_cp_btn_3').text(\"Copied\");<!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->    setTimeout(()=>{<!-- [et_pb_line_break_holder] -->      $('#model_clause_cp_btn_3').text(\"Copy\");<!-- [et_pb_line_break_holder] -->    },3000);<!-- [et_pb_line_break_holder] -->});<!-- [et_pb_line_break_holder] -->})<!-- [et_pb_line_break_holder] --><\/script>[\/et_pb_code][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;80px|||||&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>Existing Dispute Clause<\/h2>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h3><span style=\"text-decoration: underline;\">Arbitration Agreement<\/span><\/h3>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#E9EAE5&#8243; custom_padding=&#8221;20px|20px|20px|20px|true|true&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#D6D6D6&#8243; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_code module_id=&#8221;model_clause_cp_field_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;justified&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]THIS AGREEMENT (the \u201cAgreement\u201d) is made as of the __________ day of ______20__ By and between ____________________, a\u202f_________________________________________________________(entity type, if applicable, and state of incorporation\/registration, formation\/person or individual\u2019s name) _____________________________ (address) (\u201cthe first party\u201d) and ____________________, a\u202f _________________________________________________________ (Entity type, if applicable and state of incorporation\/registration, formation\/person or individual\u2019s name)__________________________________________\u202f (Address) (\u201cThe second party\u201d) and hereunder are collectively termed as \u201cTHE PARTIES\u201d <!-- [et_pb_line_break_holder] -->WHEREAS the First Party is engaged in the business of __________________________________________ (description of the type of business the party is involved with);<!-- [et_pb_line_break_holder] -->WHEREAS the Second Party is engaged in the business of ___________________________________________ (description of the type of business the party is involved with);<!-- [et_pb_line_break_holder] -->NOW THEREFORE BE IT RESOLVED, in consideration of the mutual covenants, promises, warranties and other good and valuable consideration set forth herein, the Parties agrees as follows:\u202f<!-- [et_pb_line_break_holder] -->  1. \u201cTHE PARTIES\u201d jointly agreed to become the signatories of this addendum which clearly mentions that any disputes arising out of the \u201cPARENTAL AGREEMENT\u201d are to be resolved by way of arbitration.<!-- [et_pb_line_break_holder] -->  2. That, this addendum is drafted since there was no previously mentioned \u201carbitration clause\u201d in the \u201cPARENTAL AGREEMENT\u201d.\u202f<!-- [et_pb_line_break_holder] -->  3. That the parties agree ,that the \u201carbitration\u201d would be conducted in conformity with rules of the \u201cRESO\u201d<!-- [et_pb_line_break_holder] -->  4. 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Let\u2019s create something extraordinary together&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; background_layout=&#8221;dark&#8221; custom_margin=&#8221;||25px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<h2>Reso helps settle Disputes<\/h2>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Ares CTA &#8211; Grace &#8211; Text&#8221; module_class=&#8221;grace_cta_ares_list&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; text_orientation=&#8221;center&#8221; background_layout=&#8221;dark&#8221; max_width=&#8221;480px&#8221; module_alignment=&#8221;center&#8221; custom_margin=&#8221;||30px||false|false&#8221; custom_css_main_element=&#8221;font-weight: 400;&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p><span>RESO is a Resilient, Efficient, Swift online Alternate Dispute Resolution (ADR) platform. 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