https://www.taxtmi.com/caselaws?id=311781 Exchange of e-mails and related correspondence can constitute a concluded contract and a binding arbitration agreement when the offer contains the material terms, the parties negotiate and accept the essential commercial conditions, and the final communication amounts to unconditional acceptance. The Court held that a formal signed contract is not necessary where the arbitration clause is recorded through communications, because Section 7 of the Arbitration and Conciliation Act, 1996 recognises agreements evidenced by letters and other exchanges. Later draft documents and minor unresolved details did not negate the parties' intention to contract and arbitrate, so appointment of an arbitrator under Section 11(6) was maintainable. en-us Fri, 22 Jan 2010 00:00:00 +0530 Fri, 12 Jul 2024 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311781 Exchange of e-mails and related correspondence can constitute a concluded contract and a binding arbitration agreement when the offer contains the material terms, the parties negotiate and accept the essential commercial conditions, and the final communication amounts to unconditional acceptance. The Court held that a formal signed contract is not necessary where the arbitration clause is recorded through communications, because Section 7 of the Arbitration and Conciliation Act, 1996 recognises agreements evidenced by letters and other exchanges. Later draft documents and minor unresolved details did not negate the parties' intention to contract and arbitrate, so appointment of an arbitrator under Section 11(6) was maintainable. Case-Laws Indian Laws Fri, 22 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311781