Model Code of Arbitration

The Model Code of Arbitration is a set of guidelines designed to govern the arbitration process, which is a method of resolving disputes outside of the courts. It provides a framework for fair and efficient procedures, ensuring that both parties are treated equally. By outlining rules for the selection of arbitrators, the conduct of hearings, and the making of decisions, the Model Code helps to streamline the resolution of conflicts in various fields, such as business and international relations, making it a preferred choice for parties seeking to avoid lengthy courtroom battles.