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All disputes arising out of or in connection with the execution, interpretation or implementation of this Contract, or the breach, termination or invalidity thereof (“Dispute”), shall be resolved by mediation at the ADR Center of ADR Partners LLC in accordance with the Mediation and Arbitration Rules of the ADR Center (“the ADR Rules”). The Parties to this agreement agree to participate in mediation in good faith and agree to abide by the terms of any agreement reached during and/or as a result of the mediation. Unless otherwise agreed by the Parties the place of mediation is the premises of the ADR Center in Yerevan, Armenia. The language of mediation shall be [Armenian]. If for any reason it was not possible to resolve the Dispute through mediation within 45 days, each Party has the right to refer the Dispute to the competent courts of the Republic of Armenia.
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Recommended Arbitration Clause in a Contract
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All disputes arising out of or in connection with the execution, interpretation or implementation of this Contract, or the breach, termination or invalidity thereof (“Dispute”), shall be referred for final settlement to the ADR Center of ADR Partners LLC for arbitration in accordance with the Mediation and Arbitration Rules of the ADR Center (the “ADR Rules”). The Parties commit and submit themselves to the said ADR Rules. Arbitration shall be carried out by a [single arbitrator]/[a panel of three arbitrators] appointed in accordance with the said Rules. The seat of the arbitration shall be in [Yerevan, Armenia]. The language of arbitration shall be [Armenian]. The Award of the arbitration conducted in accordance with the ADR Rules shall be final, binding and enforceable against the Parties and may be entered into any court of competent jurisdiction for enforcement.
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Recommended Arbitration Clause Separately Agreed
A)It is agreed by the Parties that the dispute briefly defined under section (B) hereof is referred for final settlement to the ADR Center of ADR Partners LLC for arbitration in accordance with the Mediation and Arbitration Rules of the ADR Center (the “ ADR Rules”). The Parties commit and submit themselves to the said Rules. said Rules.The seat of the arbitration shall be in [Yerevan, Armenia]. The language of arbitration shall be [Armenian].The Award of the arbitration conducted in accordance with the said Rules shall be final, binding and enforceable against the Parties and may be entered into any court of competent jurisdiction for enforcement.
B)The dispute hereby referred to the ADR Center for arbitration is – ----------------------
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Recommended Combined Mediation and Arbitration Clause
All disputes arising out of or in connection with the execution, interpretation or implementation of this Contract, or the breach, termination or invalidity thereof (“Dispute”), shall be resolved by mediation at the ADR Center of ADR Partners LLC in accordance with the Mediation and Arbitration Rules of the ADR Center (“the ADR Rules”). The Parties to this agreement agree to participate in mediation in good faith and agree to abide by the terms of any agreement reached during the mediation. Unless otherwise agree by the Parties the place of mediation is at the premises of the ADR Center in Yerevan, Armenia. The language of mediation shall be [Armenian]. If for any reason it was not possible to resolve the Dispute through mediation within 45 days, the Dispute shall be finally settled by arbitration at the ADR Center of ADR Partners LLC in accordance with the ADR Rules. Arbitration shall be carried out by a [single arbitrator]/[a panel of three arbitrators] appointed in accordance with the said Rules. The seat of the arbitration shall be in [Yerevan, Armenia]. The language of arbitration shall be [Armenian].The Award of the arbitration conducted in accordance with the said Rules shall be final, binding and enforceable against the Parties and may be entered into any court of competent jurisdiction for enforcement.
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