Voluntary arbitration agreement sets binding dispute resolution terms, majority decision rules, and time limits for making the award. Agreement for voluntary arbitration between employer and worker representatives refers specified industrial disputes to named arbitrator(s), records the dispute and the parties involved, and provides that the majority decision of the arbitrators is binding. If the arbitrators are equally divided, they appoint an umpire whose award is binding. The arbitrator(s) must make the award within the agreed period from publication in the Official Gazette, failing which the reference is automatically cancelled and the parties may negotiate a fresh arbitrator.