The award shall specify the arbitration claim, the disputed facts, the reasons for the award, the award result, the burden of arbitration fees and the date of the award. If the parties are unwilling to specify the disputed facts and reasons for the award in the agreement, they may not specify them. The award shall be signed by the arbitrator and sealed by the Arbitration Commission. The arbitrator who disagrees with the award may or may not sign.
Arbitration is different from litigation and trial. Arbitration requires both parties to be voluntary, which is also different from compulsory mediation. It is a special kind of mediation and voluntary arbitration, which is different from compulsory arbitration such as litigation. Arbitration is generally a system in which the parties voluntarily submit their disputes to an arbitration tribunal composed of arbitrators from non-judicial institutions for arbitration according to the arbitration agreement concluded by both parties and are bound by arbitration.
How to apply for enforcement of an arbitral award: If one party refuses to perform an arbitral award that has already entered into force, the other party may apply to the people's court where the person subjected to execution resides for enforcement, and submit an application, valid documents of the person subjected to execution, effective arbitration documents and other relevant materials.
A legally effective civil judgment or ruling must be fulfilled by the parties concerned.
legal ground
People's Republic of China (PRC) Arbitration Law
Article 48 The arbitration tribunal shall record the hearing. If the parties and other arbitration participants think that there are omissions or errors in the records of their statements, they have the right to apply for correction. If no correction is made, the application shall be recorded.
The written record shall be signed or sealed by the arbitrator, the recorder, the parties and other arbitration participants.
Article 51 Before making an award, the arbitration tribunal may conduct mediation first. If the parties voluntarily mediate, the arbitration tribunal shall mediate. If mediation fails, a decision shall be made in time.
If an agreement is reached through mediation, the arbitration tribunal shall make a conciliation statement or an award according to the result of the agreement. Mediation and award have the same legal effect.
Article 56 The arbitration tribunal shall correct any errors in writing or calculation in the award or any matters that have been decided by the arbitration tribunal but are omitted in the award. Within 30 days from the date of receiving the award, the parties may request the arbitration tribunal to make corrections.