Arbitration Clause in Common form
All the disputes and differences arising between the parties hereto, including any dispute or difference in regard to the interpretation of any provision or term or the meaning thereof, or in regard to any claim of one party against the other or in regard to the rights and for obligations of any party or parties hereto under this Agreement or otherwise, howsoever, shall be referred to a common Arbitrator if agreed upon by all or otherwise to two Arbitrators, one to be appointed by each party to the dispute or difference and such Arbitration shall be governed by the provisions of the Arbitration Act for the time being in force.