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Any dispute which cannot be settled amicably shall be finally settled under the rules of Conciliation and Arbitration of the International Chamber of Commerce by three arbitrators, designated in accordance with the said rules. Arbitration clauses: It is recommended that parties wishing to make reference to ICC arbitration in their contracts use the standard clause below.Parties are free to adapt the clause to their particular circumstances.
Also, it may be desirable for them to stipulate the place and language of the arbitration and the law applicable to the merits.
Fill out our online form or contact us directly.We represent members in more than 130 counties across the world. It is recommended that parties wishing to make reference to ICC Arbitration in their contracts use the standard clause below.Parties are free to adapt the clause to their particular circumstances. For instance, they may wish to stipulate the number of arbitrators, given that the ICC Arbitration Rules contain a presumption in favour of a sole arbitrator. ICC Arbitration. All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. Thats because it is delivered by a trusted institution and a process that is recognised and respected as the benchmark for international dispute resolution.
Also, parties who resort to ICC Arbitration may wish to provide for recourse to the ICC International Centre for ADR for the proposal of an expert if an expert opinion is required in the course of the arbitration.The standard clause can be modified in order to take account of the requirements of national laws and any other special requirements that the parties may have. If parties wish to exclude the application of the Expedited Procedure Provisions, they must expressly opt out by adding the following wording to the clause above:Parties wishing to avail themselves of the expedited procedure in higher-value cases should expressly opt in by adding the following wording to the clause above:If parties wish the ceiling for the application of the Expedited Procedure Rules to be higher than that specified in those Rules, the following wording should be added to the clause above:ICC Arbitration may be used as the forum for final determination of a dispute following an attempt at settlement by other means such as mediation. Unclear wording in the clause will cause uncertainty and delay and can hinder or even compromise the dispute resolution process.Parties should also take account of any factors that may affect the enforceability of the clause under applicable law. The ICC Arbitration Clause – International Chamber of Commerce 24/06/2017 by Aceris Law LLC By including an ICC Arbitration Clause in a contract, the parties agree that their dispute will be resolved by arbitration and that the arbitration proceedings will be governed by the procedural rules in the ICC Rules of Arbitration , in addition to any mandatory rules at the seat of arbitration.
If an attempt at settlement has failed, the Dispute shall be finally settled by final and binding arbitration under the Rules of Arbitration (“Rules”) of the International Chamber of Commerce (“ICC”). Also, it may be desirable for them to stipulate the place and language of the arbitration and the law applicable to the merits. Arbitration clauses: It is recommended that parties wishing to make reference to ICC arbitration in their contracts use the standard clause below.
Standard ICC Arbitration Clause All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules.
The clause provides for ICC arbitration as the forum for final determination of the dispute.