This chapter primarily addresses the reach and import of the FAA on international arbitration agreements and arbitral proceedings seated in New York. Our original ClauseBuilder online tool assists individuals and organizations in developing clear and effective arbitration and mediation agreements.This guide encompasses eight relevant arbitration topics with the aim of offering a comprehensive overview of arbitration in New York. It is recommended that parties wishing to make reference to ICC Arbitration in their contracts use the standard clause below. Standard ICC Arbitration Clause. The term "prohibited clause" shall mean any clause or provision in any contract which requires as a condition of the enforcement of the contract. It is imperative that the clause use the word "shall," instead of the word "may. Is enforceability or confidentiality the key factor? 2) the Arbitrator rules otherwise, whether in an interim order or in the final award. 21. It can be recorded in the form of an award on agreed terms.