BY AND BETWEEN Pioneer Associates a partnership firm (PAN ▇▇▇▇▇▇▇▇▇▇) registered under the Indian Partnership Act, 1932, Registration number- L79154, Dated- 10.09.14. having its principal place of business at 12/A/1/35 ▇▇▇▇▇▇▇▇ Apartment, Khardah, 24 Parganas (N), Kolkata-700117, represented by its authorized partner ▇▇▇ ▇▇▇▇▇ ▇▇▇, Son of late ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇, by Religion – Hindu, by Occupation – Business, residing at Kironalay, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Road, P.O. ▇▇▇▇▇▇▇, P.S.- Khardah, Dist- North 24 Parganas, (Permanent address at ▇▇, ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Road, P.O. ▇▇▇▇▇▇▇, P.S. Khardah, District North 24 Parganas, Kolkata- 700115, Pan no. ▇▇▇▇▇▇▇▇▇▇, Mob no.-9123898230, , authorized vide hereinafter referred to as the “Promoter” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include the partners or partner for the time being of the said firm, the survivor or survivors of them and their heirs, executors and administrators of the last surviving partner and their assigns) [If the Allottee is a company] (PAN ), represented by its authorized signatory, duly authorized vide board resolution dated , hereinafter referred to as the “Allottee” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successor-in-interest and permitted assigns). [If the Allottee is a Partnership] [If the Allottee is a Individual] Mr./Ms. son / daughter of aged about residing at , (PAN ) hereinafter called the “Allottee” (Which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include his/her heirs, executors, administrators, successor-in-interest and permitted assigns). [OR] [If the Allottee is a HUF] Mr. , son of aged about for self and as the Karta of the Hindu Joint Mitakashara Family Known as HUF, having its place of business/ residence at (PAN ), hereinafter to as the “Allottee“ (Which expression shall unless repugnant to the context or meaning thereof be deemed to mean the members or member for the time being of the said HUF, and their respective heirs, executors, administrators and permitted assigns). The Promoter and Allottee shall hereinafter collectively be referred to as the parties” and individually as a “Party”.
Disputes between the Parties (1) Disputes between the Parties concerning the interpretation or application of this Agreement shall, if possible, be amicably settled through consultation. (2) If a dispute between the Parties cannot thus be settled within a period of six months, it shall upon the request of either Party be submitted to an arbitral tribunal. (3) Such an arbitral tribunal shall be constituted for each individual case in the following way. Within two months of the receipt of the request for arbitration, each Party shall appoint one member of the tribunal. Those two members shall then select a national of a third State who on approval by the Parties shall be appointed Chairman of the tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. (4) If within the periods specified in paragraph (3) of this article the necessary appointments have not been made, either Party may, in the absence of any other agreement, invite the Chairman of the International Court of Arbitration of the International Chamber of Commerce to make any necessary appointments. If the Chairman is a national of either Party or if he is otherwise prevented from discharging the said function, the Vice-Chairman shall be invited to make the necessary appointments. If the Vice-Chairman is a national of either Party or if he too is prevented from discharging the said function, the Member of the International Court of Arbitration of the International Chamber of Commerce next in seniority who is not a national of either Party shall be invited to make the necessary appointments. (5) The arbitral tribunal shall reach its award by a majority of votes. Each Party shall bear the costs of its own member of the tribunal and of its representation in the arbitral proceedings; the costs of the Chairman and remaining costs shall be borne in equal parts by the Parties. The tribunal may, however, in its award direct that a highter proportion of this costs shall be borne by one of the two Parties. The tribunal shall determine its own procedure. This award shall be final and binding on the Parties.
RELATIONSHIP BETWEEN THE PARTIES A Party is not by virtue of this Agreement the employee, agent or partner of the other Party and is not authorised to bind or represent the other Party.
Disputes between a Contracting Party and an Investor (1) Any dispute which may arise between an investor of one Contracting Party and the other Contracting Party in connection with an investment on the territory of that other Contracting Party shall be subject to negotiations between the parties in dispute. (2) If any dispute between an investor of one Contracting Party and the other Contracting Party continues to exist after a period of three months, investor shall be entitled to submit the case either to: (a) The International Centre for Settlement of Investment Disputes having regard to the applicable provisions of the Convention on the Settlement of Investment Disputes between States and Nationals of other States opened for signature at Washington D.C. on 18 March 1965, or in case both Contracting Parties have not become parties to this Convention, (b) An arbitrator or international ad hoc arb1 tral tribunal established under the Arbitration Rules of the United Nations Commission on International Trade Law. The parties to the dispute may agree in writing to modify these Rules. The arbitral awards shall be final and binding on both Parties to the dispute.Arbitration Rules of the United Nations Commission on International Trade Law. The parties to the dispute may agree in writing to modify these Rules. The arbitral awards shall be final and binding on both Parties to the dispute.
Cooperation Between the Parties The College and UFE shall supply each other with requested information reasonably needed to facilitate the processing of the grievance. Meetings to discuss any grievance shall be scheduled at mutually convenient times.