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9.arbap.74.21..doc elevators to the Respondent for their project Atlanta Edenworld Building 1, 2 and 3.

2 The Arbitration Agreement between the parties can be found at Clause 18 of the Agreement which reads thus:-

"18.Arbitration If any dispute, controversy or claim between the parties arises out of or in connection with this Contract, including its existence, breach, termination or validity thereof, the parties shall use all reasonable endeavors to negotiate with a view to resolve the dispute amicably. If the dispute has not been settled pursuant to the said negotiations even after 15 days, either of the parties can give the other party a notice stating that a dispute has been arisen. If the parties are unable to resolve the dispute amicably within 15 days of service of the said notice (or such longer period as the parties may mutually agree), then the dispute shall be finally resolved by arbitration as per the provisions of Arbitration and Conciliation Act, 1996 by a sole arbitrator to be appointed by Schindler from the panel of arbitrators maintained by Schindler. Such panelists shall be persons who is holding or has held the positions of not less than a District Judge or High Court advocate or a professional arbitrator. Any such arbitration award passed by the said Arbitrator shall be final and binding on both the parties. The seat of the arbitration shall be Mumbai and the language of the arbitration shall be English."