Common use of Arbitration or Litigation Clause in Contracts

Arbitration or Litigation. (a) If the parties fail to settle any Dispute in accordance with clause 19.2, the parties may agree to submit the Dispute for resolution to final and binding arbitration under the Rules of Arbitration of the Institute of Arbitrators and Mediators Australia by one or more arbitrators appointed in accordance with those rules.

Arbitration or Litigation. (a) If the parties fail to settle any Dispute in accordance with clause 19.223.2, the parties may agree to submit the Dispute for resolution to final and binding arbitration under the Rules of Arbitration of the Institute of Arbitrators and Mediators Australia by one or more arbitrators appointed in accordance with those rules.

Arbitration or Litigation. (a) If the parties fail to settle any the Dispute at the Mediation in accordance with clause 19.216.2, the parties may agree to submit the Dispute for resolution to final and binding determination at arbitration under the Rules of Arbitration of the Institute of Arbitrators and Mediators Australia by one or more arbitrators appointed in accordance with those rules. The parties acknowledge that any determination made at arbitration will be final and binding.