Dispute and Arbitration Clause Samples
The Dispute and Arbitration clause establishes the process by which parties will resolve disagreements arising from the contract. Typically, it requires that disputes be addressed through arbitration rather than litigation in court, often specifying the rules, location, and governing body for the arbitration proceedings. This clause streamlines conflict resolution, reduces legal costs, and provides a private, binding mechanism for settling disputes, thereby minimizing uncertainty and potential disruption to the contractual relationship.
Dispute and Arbitration. Any dispute arising from performance of, or in connection with, this agreement must be settled through consultation; if such consultation fails, either party may submit the dispute to the jurisdiction of the people’s court at Party B’s location.
Dispute and Arbitration. 8. Any dispute arising from performance of, or in connection with, this contract must be settled through consultation; if such consultation fails, either party may submit the dispute to the legal proceedings at the people’s court in Fuzhou City.
Dispute and Arbitration. 11.1 The Parties agree to, in accordance with the best of their abilities, put all efforts forward to resolve any possible disputes through deliberations. Neither Party shall take legal actions before first having invited the opposing party to deliberate regarding the matter at hand.
Dispute and Arbitration. If any dispute shall arise between the parties to this Agreement as to the interpretation of this Agreement, then the matter shall be referred to an independent arbitrator to be appointed by the Japan Commercial Arbitration Association of Tokyo, Japan in accordance with whose rules the arbitration shall be conducted. The decision of the arbitrator shall be final and binding upon the parties and shall not be appealed or appealable to any court, but the decision of the arbitrator shall be enforceable in any court having jurisdiction.
Dispute and Arbitration. (a) If the Stockholders’ Representative and the Seller Indemnified Parties are unable to resolve a dispute regarding Sellers’ indemnification obligations under this Article VI, such dispute shall be settled by submission of the dispute by either party to binding arbitration in Dallas, Texas (unless the parties agree in writing to a different location) applying Texas law in accordance with the rules of the American Arbitration Association then in effect. The arbitration tribunal shall consist of three arbitrators. The party initiating arbitration shall nominate one arbitrator in the request for arbitration and the other party shall nominate a second in the answer thereto within fifteen (15) days of receipt of the request. The two arbitrators so named will then jointly appoint the third arbitrator. If the answering party fails to nominate its arbitrator within the fifteen (15) day period, or if the arbitrators named by the parties fail to agree on the third arbitrator within fifteen (15) days, the office of the American Arbitration Association in Dallas, Texas shall make the necessary appointments of such arbitrator(s). The arbitration hearing will take place over no more than five (5) days beginning five (5) days after the arbitrators are selected. The arbitrators will deliver their decision within ten (10) Business Days after termination of the arbitration hearings. The decision or award of the arbitration tribunal (by a majority determination, or if there is no majority, then by the determination of the third arbitrator) shall be final, binding, and conclusive on all parties thereto, and judgment upon such decision or award may be entered in any competent court or application may be made to any competent court for judicial acceptance of such decision or award and an order of enforcement.
(b) The fees and expenses of the arbitration shall be paid (i) by the Sellers, in an amount equal to the fraction of such fees and expenses, which fraction shall be determined by dividing (A) the amount awarded by the arbitrators by (B) the disputed amount of such claim; and (ii) by the Seller Indemnified Parties, in an amount equal to any remainder of such fees and expenses not otherwise payable by the Sellers under the preceding clause (i).
Dispute and Arbitration. Subject to the conditions and exceptions noted below, and to the extent not inconsistent with applicable law, in the event of any dispute pertaining to VERUS’s services under this agreement, both VERUS and the CLIENT agree to submit the dispute to arbitration in accordance with the auspices and rules of the American Arbitration Association (“AAA”), provided that the AAA accepts jurisdiction. VERUS and the CLIENT understand that such arbitration shall be final and binding, and that by agreeing to arbitration, both PLANNER and the CLIENT are waiving their respective rights to seek remedies in court, including the right to a jury trial. The CLIENT acknowledges that he/she/it has had a reasonable opportunity to review and consider this arbitration provision prior to the execution of this agreement. The CLIENT acknowledges and agrees that in the specific event of non-payment of any portion of VERUS’s fee pursuant to this agreement, VERUS, in addition to the aforementioned arbitration remedy, shall be free to pursue all other legal remedies available to it under law, and shall be entitled to reimbursement of reasonable attorneys’ fees and other costs of collection. VERUS shall only be responsible for the preparation of 2019 tax returns as has been discussed under this agreement. VERUS, acting in good faith, shall not be liable for any action, omission, or loss in connection with this agreement. Federal and state laws impose liabilities under certain circumstances on persons who act in good faith, and therefore nothing herein shall in any way constitute a waiver or limitation of any rights which the CLIENT may have under any federal or state laws.
Dispute and Arbitration. Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or invalidity thereof shall be settled by arbitration in accordance with the AIAC Arbitration Rules, 2018 (formerly known as the “KLRCA Arbitration Rules”) (“Rules”).
Dispute and Arbitration. 1In the event of any question, dispute or difference arising under this agreement or in connection therewith (except as to the matters, the decision to which is specifically provided under this agreement), the same shall be referred to the sole arbitration of the CGM Data Networks or in case his designation is changed or his office is abolished, then in such cases to the sole arbitration of the officer for the time being entrusted (whether in addition to his own duties or otherwise) with the functions of the CGM Data Networks or by whatever designation such an officer may be called (hereinafter referred to as the said officer), and if the said officer is unable or unwilling to act as such, then to the sole arbitration of some other person appointed by the said officer. The agreement to appoint an arbitrator will be in accordance with the Arbitration and Conciliation Act 1996.
Dispute and Arbitration. The parties agree that any dispute hereunder shall be submitted to arbitration in accordance with the rules then in effect of the American Arbitration Association (the "AAA"). Arbitration shall be conducted by one arbitrator acting under the rules of commercial arbitration of the AAA in Atlanta, Georgia, U.S.A., or such other place as the parties shall mutually agree upon. ILD shall bear all costs of arbitration except as otherwise allocated by the arbitrator. Any decision, judgment or ruling rising out of arbitration shall be final and binding upon the parties.
Dispute and Arbitration. A. Any and all disputes, disagreements, or questions, be they of fact or law, which might arise between the Parties in connection with the interpretation of any provision of this Agreement or the compliance or non-compliance therewith, or the validity or enforcement thereof, or the performance or non-performance of either Party to the Agreement, and which cannot be amicably settled by the Parties within a reasonable period, shall be finally resolved by arbitration in accordance with the ICC Rules as are in effect as of the date of the notice, by three (3) Arbitrators selected and acting according to these Rules, the decision of which shall be final and binding upon both Parties, and not subject to appeal at any stage of the proceedings.
B. The arbitration including the rendering of the award shall take place at Geneva. The language to be used in the arbitration shall be English.
C. The decision of the Arbitrators may be entered in any court of competent jurisdiction and executed forthwith.
D. Each party shall bear the cost of preparing its own case. The Board of Arbitrators shall determine how the costs of the Arbitration shall be borne.
