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Model Clause: Addis Ababa Chamber of Commerce and Sectorial Association [AACCSA] Arbitration Institute

  • 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
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    This contract shall be governed by the substantive law of ............ (Insert jurisdiction)