Common use of Arbitration Agreement for NAMER Clause in Contracts

Arbitration Agreement for NAMER. Disputes with Developers in NAMER will be exclusively and finally settled by arbitration in English, in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The award will be given in accordance with the Governing Law and state the reasons upon which it is based. However, either Party may seek injunctive relief to prevent irreparable harm or to enjoin any IP Rights misuse in front of the competent courts.