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Standard ICC Arbitration Clause All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in ance with the said Rules.

Types of arbitration. 1- Domestic Arbitration. 2- International Arbitration. 4- Institutional Arbitration. 5- Ad-Hoc Arbitration.

Arbitration can be either voluntary or mandatory (although mandatory arbitration can only come from a statute or from a contract that one party imposes on the other, in which the parties agree to hold all existing or future disputes to arbitration, without necessarily knowing, specifically, what disputes will ever ...

To draft a valid arbitration agreement, parties should also be conscious of the requirements imposed on specific parties or the inarbitrability of certain disputes. Some countries may impose requirements such as a formal authorisation for State entities to enter into arbitration agreements.

drafted clause will mitigate disputes risk Introduction. Scope of the arbitration agreement. Seat of the arbitration. Governing law of the arbitration agreement. Choice of rules. Language. Number and appointment of arbitrators. Specifying arbitrator characteristics.

"In order for an arbitration agreement to exist, the parties must have validly consented to that agreement. The question whether parties have validly consented to an arbitration agreement is governed in most legal systems by generally-applicable principles of contract law, and specifically, contract formation."