Content of an Arbitration Award

1. the personal information of the claimant and the respondent;
2. the claim and relief sought by the claimant;
3. the counterclaim and relief sought by the respondent, if any;
4. the ascertained facts and admitted evidence as the basis for rendering the award;
5. the result of the arbitration;
6. the allocation of the arbitration fees and other costs;
7. the time period for the claimant and/or respondent to perform the obligations under the award;
8. the liabilities for failure to perform the award within the specified time period;
9. the date and place of the award; and
10. other necessary information.

1. the claimant and the respondent so agree; or
2. the award is based on the settlement agreement reached between the claimant and the respondent.