Open AccessInvestigating the Possibility and Effects of Arbitration Term in the Statute of Commercial Firms
Author(s) -
Hamid Reza Afarin,
Rasool Maghsoodpoor
Publication year - 2021
Publication title -
propósitos y representaciones
Language(s) - English
Resource type - Journals
eISSN - 2310-4635
pISSN - 2307-7999
DOI - 10.20511/pyr2021.v9nspe1.875
Subject(s) - arbitration , statute , term (time) , corporation , business , general partnership , law , law and economics , political science , economics , physics , quantum mechanics
Arbitration is carried out based on the parties’ agreement, outside official authorities. As a result, it is carried out faster, at a lower price, and based on the confidence of the both parties in the arbitrator(s). The ways to include arbitration term in the statute of commercial firms include stating in the contract, stating in the statute, and stating in other commercial documents such as articles of partnership and primary corporation agreement.