Fast-Track And Model Arbitration Clauses
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Fast-Track And Model Arbitration Clauses
For almost all international contracts concerning products or administrations with an estimation of not exactly USD 500,000, for occurrence, DuguĂŠ & Kirtley suggests thought of a provision calling for "fast-track arbitration," which accommodate quickened assertion procedures while additionally lessening expenses to a base. For little and average sized contracts including European organizations, we suggest considering the utilization of one of the two after quick track intervention conditions, which are in view of model provisions proposed by the Swiss Chambers' Arbitration Institution and the Stockholm Chamber of Commerce.
American Arbitration Association (AAA) / International Centre for Dispute Resolution (ICDR)
“Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be determined by arbitration administered by the International Centre for Dispute Resolution in accordance with its International Arbitration Rules.” Or, alternatively: “Any controversy or claim arising out of or relating to this contract, or the breach thereof, shall be determined by arbitration administered by the American Arbitration Association in accordance with its International Arbitration Rules.”
Arbitration Institute of the Stockholm Chamber of Commerce (SCC)
“Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce.�
Association Française d’Arbitrage (AFA)
“Any dispute or disagreement arising out of or in connection with this contract shall be submitted to arbitration in accordance with the Rules of the Association Française d’Arbitrage which the parties declare to have accepted.”
Australian Centre for International Commercial Arbitration (ACICA)
“Any dispute, controversy or claim arising out of, relating to or in connection with this contract, including any question regarding its existence, validity or termination, shall be resolved by arbitration in accordance with the ACICA Arbitration Rules.�
More clauses at: https://www.international-arbitration-attorney.com/model-arbitration-clauses/
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