Model Dispute Resolution Clause
Any dispute, controversy or claim
arising out of or relating to this contract including any question regarding
its existence, interpretation, validity, breach or termination shall be
referred to and finally resolved by arbitration under the International
Arbitration Rules of ADR Chambers International. Any arbitration commenced
pursuant to this clause shall be administered by the ADR Chambers International
and its standard administrative procedures and schedule of costs will apply.
The Parties may wish to consider
adding one or all of the following:
1. There shall be ________ arbitrators (1 or 3). [If
3, consider whether each party may nominate an arbitrator]
2. The place of the arbitration shall be (city
and/or country)
____________________________________________.
3. The language(s) of the arbitration shall
be
____________________________________________.
4. The governing law of the contract
shall be
____________________________________________.
