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VII.Dispute Resolution
A mediation or arbitration process can be useful when the parties are at a dispute over an issue. Usually, shareholders agreements specify a negotiation period in the event of a dispute, during which parties are required to make efforts to resolve the same. Upon failure to resolve the dispute amicably, parties have the option to arbitrate. Founders should ensure that the seat of arbitration is in India (in a city that is convenient for them), so that costs and time spent travelling and being away from business is minimal.

For more details on drafting arbitration clauses, refer to the Module on Arbitration.

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