Common use of GOVERNING LAW, DISPUTE RESOLUTION, JURISDICTION AND VENUE Clause in Contracts

GOVERNING LAW, DISPUTE RESOLUTION, JURISDICTION AND VENUE. In the event of any dispute arising out of or in connection with this Agreement or SOW, including any question regarding its existence, validity or termination, the parties shall attempt, promptly and in good faith, to resolve any such dispute. If the parties are unable to resolve any such dispute within a reasonable time (not to exceed thirty (30) days), then the matter shall be referred to and finally resolved by arbitration under the Arbitration Rules of the DIFC-LCIA Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be three. The seat, or legal place, of arbitration shall be the Dubai International Financial Centre. The language to be used in the arbitration shall be English. The governing law of the contract shall be the laws of England and Wales. Nothing in this Agreement shall prevent either party from seeking provisional measures from the Courts of the Dubai International Financial Centre, and any such request shall not be deemed incompatible with the agreement to arbitrate or a waiver of the right to arbitrate. The parties hereby waive any requirements for security for obtaining any provisional relief.

Appears in 4 contracts

Samples: Trading Egypt LLC Purchase Agreement, Investments Egypt LLC Purchase Agreement, Investments Egypt LLC Purchase Agreement

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GOVERNING LAW, DISPUTE RESOLUTION, JURISDICTION AND VENUE. In the event of any dispute arising out of or in connection with this Agreement or SOW, including any question regarding its existence, validity or termination, the parties shall attempt, promptly and in good faith, to resolve any such dispute. If the parties are unable to resolve any such dispute within a reasonable time (not to exceed thirty (30) days), then the matter shall be referred to and finally resolved by arbitration under the Arbitration Rules of the DIFC-LCIA Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be three. The seat, or legal place, of arbitration shall be the Dubai International Financial Centre. The language to be used in the arbitration shall be English. The governing law of the contract shall be the laws substantive law of England and WalesIreland. Nothing in this Agreement shall prevent either party from seeking provisional measures from the Courts of the Dubai International Financial Centre, and any such request shall not be deemed incompatible with the agreement to arbitrate or a waiver of the right to arbitrate. The parties hereby waive any requirements for security for obtaining any provisional relief.

Appears in 3 contracts

Samples: LLC Purchase Agreement, M E Fzco Purchase Agreement, Arabia LLC Purchase Agreement

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