The following paragraphs are presented below, which can be added to any enterprise contract. This clause requires that any disagreement between the parties regarding the contact be resolved through a mandatory arbitration procedure (instead of litigation) with Arbitration Resolution Services, Inc. Parties should also consider all factors that may influence the applicability of the clause under existing legislation. These include all the mandatory requirements that may exist at the place of arbitration and at the intended place or place of implementation. Mandatory arbitration clauses are widespread, but not universal in the United States. For example, they are used by, 15 of the 20 largest credit card issuers in the United States and 7 of the 8 largest mobile phone companies and 2 of the 3 largest bicycle sharing companies in Seattle. [4] 3 The court is not entirely free to determine the language. There are both practical and legal issues that the court must consider in its decision. In any arbitration proceedings that are ongoing or in connection with this agreement, requests for documents: Assistance on request, United States Arbitration – Mediation, will help the parties to adapt mediation/arbitration to their particular needs.

The standard clause may be amended to reflect the requirements of national law and all other specific requirements that the parties may have. In particular, the parties should always ensure that arbitration is mandatory. For example, it is wise for parties wishing to have an ICC arbitration tribunal in mainland China to include in their compromise clause an explicit reference to the ICC`s International Court of Arbitration. Out-of-court dispute resolution (ADR) allows parties to adjust their dispute resolution process. Parties can insert the standard arbitration or mediation clause into their contract and continue to tailor their clause with options that control time and costs. The parties recognize that this agreement demonstrates a transaction related to intergovernmental trade. Notwithstanding the provisions of the previous paragraph relating to applicable material law, any arbitration procedure that is applied under the terms of this agreement is governed by the Federal Arbitration Act (9 U.S.C., Sec. 1-16). The specifications for referees` qualifications often work best in a panel of three referees, because in this context it is possible to require that one of the roundtable participants have some technical know-how without limiting the entire panel to such a narrow area of experience.