ARBITRATION – JURISDICTION. 17.1) Any disputes that may arise relative to the performance of these general sales terms and conditions, especially concerning their validity, interpretation, performance or termination, must be notified to the other Party by recorded delivery letter mentioning the detail of the claim with a view to arbitration before any legal proceedings are considered. In the event of the failure by any Party to comply with this term, the legal proceedings taken cannot be admitted Failing settlement out of court between the Parties within thirty (30) days of the above mentioned letter initiating arbitration, the Parties shall be free to undertake any legal proceedings.
17.2) ANY DISPUTES THAT MIGHT ARISE SHALL COME UNDER THE EXCLUSIVE COMPETENCE OF THE JURISDICTIONS OF THE COMPANY’S REGISTERED OFFICE. THIS CLAUSE APPLIES EVEN IN CASE OF EMERGENCY INTERIM PROCEEDINGS, INCIDENTAL CLAIM, MULTIPLE DEFENDANTS, INTRODUCTION OF THIRD PARTIES, AND WHATEVER THE METHOD AND TERMS OF PAYMENT.
