Arbitration Clause - Sample Clauses

Sample Clauses

A number of international arbitration bodies provide sample arbitration clauses for parties to use. Examples of these are:

• The Chartered Institute of Arbitrators:

"Any dispute or difference arising out of or in connection with this contract shall be determined by the appointment of a single arbitrator to be agreed between the parties, or failing agreement within fourteen days, after either party has given to the other a written request to concur in the appointment of an arbitrator, by an arbitrator to be appointed by the President or a Vice President of the Chartered Institute of Arbitrators."

• The London Court of International Arbitration:

"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 incorporated by reference into this clause.

The number of arbitrators shall be .

The seat, or legal place, of arbitration shall be .

The language to be used in the arbitral proceedings shall be .

The governing law of the contract shall be the substantive law of ."

• The International Court of Arbitration:

"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 accordance with the said Rules."

• The American Arbitration Association also provides a wide sample of bespoke arbitration clauses on its website.