The Arbitration Agreement All and any disputes or differences arising out of or in connection with this Agreement, or the breach, termination or invalidity thereof shall be finally settled by arbitration. In ance with the UNCITRAL Arbitration Rules. The number of arbitrators shall be one/three.
"A dispute having arisen between the parties concerning , the parties hereby agree that the dispute shall be referred to and finally resolved by arbitration under the LCIA Rules. The number of arbitrators shall be one/three. The seat, or legal place, of arbitration shall be City and/or Country.
Drafting the “perfect” arbitration agreement Clear and precise language. Clarity and brevity are key to avoiding an unenforceable arbitration clause and the costs and delays that follow. Scope. Seat of arbitration. Governing law. Arbitral Rules. Language. Arbitrators. Other common issues.
In turn, the standard LCIA arbitration clause reads as follows: “Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the LCIA Rules, which Rules are deemed to be ...
The parties agree to mediate, in good faith, any claim arising hereunder and to refrain from pursuing arbitration hereunder until the parties have met with a mediator. The parties agree to select and mediate any claim or controversy within sixty (60) days of the date the claim or controversy accrues or first arises.
Example Mediation Clause: “In the event of any dispute arising out of or relating to this Agreement, the parties agree to first attempt to resolve the dispute through mediation administered by Mediation Organization under its rules before resorting to arbitration or litigation.
A mediation clause then is a clause incorporated into a contract that refers disputes arising from the contract to the mediation process for resolution. The purpose presumably is to capitalize on the advantages of the mediation process6 and to facilitate a speedy and amicable resolution of the dispute.
The parties shall attempt to resolve any dispute arising out of or relating to this Agreement promptly by confidential mediation under the then current CPR Mediation Procedure in effect on the date of this Agreement as modified by the CPR Streamlined Mediator Selection Procedure, before resorting to arbitration ...
A Texas court that has jurisdiction over the parties and the dispute may enforce an arbitration agreement and render judgment on the award (Tex. Civ. Prac. & Rem.