Dispute resolution clause
Dispute resolution clause

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Dispute resolution clause

    1. 1

      Dispute resolution—short form

      1. 1.1

        If any dispute arises between the parties out of, or in connection with, this Agreement, the matter shall be referred to [identify level of senior representatives] of each party who shall use their reasonable endeavours to resolve it.

      1. 1.2

        If the dispute is not resolved within [14 days] of the referral being made under clause 1.1, the parties [shall OR may] resolve the matter through mediation in accordance with the London Court of International Arbitration Mediation Rules.

      1. 1.3

        [Either party may issue formal legal proceedings or commence arbitration at any time whether or not the steps referred to in clauses 1.1 and 1.2 have been completed. OR Until the parties have completed the steps referred to in clauses 1.1 and 1.2, and have failed to resolve t

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