Arbitration Clause : AACCSA Arbitration
Institute
MODEL ARBITRATION
CLAUSE
Any dispute, controversy or claim arising out
of or in connection with this contract, or the breach, termination
or invalidity thereof, shall finally be settled by arbitration in
accordance with the Rules of the Arbitration institute of the Addis
Ababa Chamber of Commerce.
(The parties are advised to make the
following additions to the arbitration clause, as required
:)
The arbitral tribunal shall be composed of
...... (one/three/five) arbitrator (or a sole
arbitrator).
The place of arbitration shall be:
................
The language to be used in the arbitral
proceedings shall be...............................
MODEL GOVERNING/APPLICABLE LAW CLAUSE
___________________________________________________________
This contract shall be governed by the
substantive law of ............ (Insert jurisdiction)