Common use of Disputes; Governing Law Clause in Contracts

Disputes; Governing Law. Where a dispute arises from or in relation to this Agreement, the parties will settle the dispute by binding arbitration under the Domestic Commercial Arbitration Rules of the British Columbia International Commercial Arbitration Centre. There will be one arbitrator selected by the parties, unless the parties are unable to agree on an arbitrator, in which case there will be three arbitrators: one selected by each party and a third selected by the first two. The costs of arbitration will be shared equally, excluding a party’s own costs of counsel, evidence and expert witnesses. Arbitration will be in English, take place in Vancouver, British Columbia, and be subject to the confidentiality obligations of this Agreement. The laws of the Province of British Columbia and the laws of Canada applicable in British Columbia govern this Agreement.