Common use of Settlement by Mediation Clause in Contracts

Settlement by Mediation. (1) Mediators shall remain impartial and facilitate the reaching of agreement by the parties to a dispute. (2) After the disputing parties have reached a consensus through mediation, the mediator(s) shall produce a mediation settlement agreement according to the content of the consensus; the agreement shall be signed or chopped by the parties to the dispute and the mediator(s), and affixed with the seal of the Cross-strait Investment Dispute Settlement Institution. (3) The parties should assure the establishment and completion of systems related to the enforcement of the mediated settlement agreement. An investor may apply for the enforcement of a mediated settlement agreement in accordance with the relevant laws and regulations of the Party in which enforcement is sought.