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This book presents contracts and arbitration from a business perspective. The book targets managers and engineers – who do not have a formal law education– but grapple with issues related with contracts and arbitration very often. It will help them in dealing with these issues while making strategic business decisions.

Institutional and Ad Hoc Arbitration

Ram and Shyam used to work in the same office. Both of them were promoted. Their colleagues asked for a party. Ram invited them to home and arranged everything separately on his own and from the best service providers. Food was catered by the choicest of caterers: starters by Mohan bhai (brother), main course by Lalji and desserts by Tiwari; light decoration by Mukesh, flower arrangement by Arshad and live ghazal and music by Diljeet. Everyone enjoyed the party thoroughly.

Shyam, on the other hand, invited everyone at the new five-star hotel Moonlight. Everything was arranged by the hotel. Moonlight had gained very high reputation in a short time since it started but was known to be prohibitively expensive. Moonlight ...

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