A(5) Arbitration : In the event of A(5) Arbitration : In the event of difference or dispute arising out of, under difference or dispute arising out of, under or in connection with this agreement, over or in connection with this agreement, over the rights of obligation of parties hereto, the rights of obligation of parties hereto, the dispute or difference shall be referred the dispute or difference shall be referred to the Arbitration of a Sole Arbitrator to to the Arbitration of a Sole Arbitrator to be appointed by KONE Elevator India be appointed by KONE Elevator India Private Limited. The Venue of the Private Limited. The Venue of the Arbitrator shall be at Chennai and the Arbitrator shall be at Chennai and the Courts in the City of Chennai alone shall Courts in the City of Chennai alone shall have the jurisdiction in relation to the have the jurisdiction in relation to the Arbitration and the provisions of the Arbitration and the provisions of the Arbitration and Conciliation Act, 1996 Arbitration and Conciliation Act, 1996 shall be applicable to such Arbitration. shall be applicable to such Arbitration.
