Arbitration | Arbitration Model Clause
Model Arbitration Clause
Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or invalidity thereof, between the parties shall be settled by arbitration in accordance with the SAARC Arbitration Rules as at present in force, and the award made in pursuance thereof shall be binding on the parties.
Consider adding to model clause:
a) The appointing authority shall be _____________ [institution/person]
b) The number of arbitrators shall be _____________ [one/three]
c) The place of arbitration shall be ______________ [city/country]
d) The language to be used in arbitral proceeding shall be _________[language]