Prime Dispute Mediation-Arbitration (Med-Arb) Clause
To have disputes resolved by 'Mediation-Arbitration' it is suggested that the following clause is copied and pasted within contracts or agreements.
"In the event of a dispute arising out of or relating to this agreement or contract, the parties shall first seek settlement of that dispute by mediation in accordance with the extant Prime Dispute Mediation Rules. Unless otherwise agreed by the parties, the Mediator(s) will be appointed by Prime Dispute. The parties agree to be bound by any settlement agreement reached. If the dispute is not settled by mediation within the period as the parties shall agree in writing, the dispute 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 location of the mediation and seat of the arbitration shall be [London, England].*
The language to be used in the mediation and or arbitration shall be [English].**
The number of mediator(s) and arbitrator(s) shall consist of [one]*** .
This contract is governed by the laws of [England].****
The mediator(s) and 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 'Mediation-Arbitration' it is suggested that the following clause is copied and pasted within contracts or agreements.
"In the event of a dispute arising out of or relating to this agreement or contract, the parties shall first seek settlement of that dispute by mediation in accordance with the extant Prime Dispute Mediation Rules. Unless otherwise agreed by the parties, the Mediator(s) will be appointed by Prime Dispute. The parties agree to be bound by any settlement agreement reached. If the dispute is not settled by mediation within the period as the parties shall agree in writing, the dispute 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 location of the mediation and seat of the arbitration shall be [London, England].*
The language to be used in the mediation and or arbitration shall be [English].**
The number of mediator(s) and arbitrator(s) shall consist of [one]*** .
This contract is governed by the laws of [England].****
The mediator(s) and 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
