Prime Dispute Arbitration Clause
To have disputes resolved by 'Arbitration' in accordance with 'Prime Dispute's Arbitration Rules' it is suggested that the following clause is copied and pasted within contracts or agreements.
"Any dispute or difference arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the Rules of Prime Dispute, which Rules are deemed to be incorporated by reference into this clause.
The seat of the arbitration shall be [London, England].*
The language of the arbitration shall be [English].**
The Tribunal shall consist of [one]*** arbitrator(s).
This contract is governed by the laws of [England].****
The arbitrator(s) shall be a [Fellow]***** of Prime Dispute".
Prime Dispute References:
*Parties should specify the seat/location of the arbitration/mediation. If appropriate, the parties may select an alternative seat to London, England, by replacing it with the city and country of choice.
**If appropriate, replace [English] with another language.
***If appropriate, replace "[One]" with 'three' - Please note, this can only be an odd number.
**** If appropriate, the parties can delete this or amend "[England]" with another country or jurisdiction.
***** If appropriate, replace "[Fellow]" with 'Member' of Prime Dispute.
To have disputes resolved by 'Arbitration' in accordance with 'Prime Dispute's Arbitration Rules' it is suggested that the following clause is copied and pasted within contracts or agreements.
"Any dispute or difference arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the Rules of Prime Dispute, which Rules are deemed to be incorporated by reference into this clause.
The seat of the arbitration shall be [London, England].*
The language of the arbitration shall be [English].**
The Tribunal shall consist of [one]*** arbitrator(s).
This contract is governed by the laws of [England].****
The arbitrator(s) shall be a [Fellow]***** of Prime Dispute".
Prime Dispute References:
*Parties should specify the seat/location of the arbitration/mediation. If appropriate, the parties may select an alternative seat to London, England, by replacing it with the city and country of choice.
**If appropriate, replace [English] with another language.
***If appropriate, replace "[One]" with 'three' - Please note, this can only be an odd number.
**** If appropriate, the parties can delete this or amend "[England]" with another country or jurisdiction.
***** If appropriate, replace "[Fellow]" with 'Member' of Prime Dispute.
PROTECTING YOUR FUTURE
When you sign a contract or agreement you don’t always think a dispute will arise. If it does what will you do? we have designed clauses which you can include within your contracts or agreements for free. Remember before you sign a contract or agreement to include a dispute clause to avoid any unnecessary costs or delays in the future! Read More
When you sign a contract or agreement you don’t always think a dispute will arise. If it does what will you do? we have designed clauses which you can include within your contracts or agreements for free. Remember before you sign a contract or agreement to include a dispute clause to avoid any unnecessary costs or delays in the future! Read More
