The award is to be made in writing and signed by the arbitrators. The majority may sign, giving reasons for the omitted signature [section 25 (1)].
Reasons must be stated (unless the parties agree otherwise or unless it is an agreed award [section 25 (2)].
Subject to the provisions of the Act, the award is final and binding on the parties (section 26).
Correction and interpretation
The Act provides for correction and interpretation of the award as well as for its modification, in case of an omitted matter. Certain time limits are, provided for in this regard (section 27).
