"Any controversy or claim arising out of or relating to this contract shall be determined by arbitration in accordance with the International Arbitration Rules of the International Centre for Dispute Resolution."

or

"Any controversy or claim arising out of or relating to this contract shall be determined by arbitration in accordance with the International Arbitration Rules of the American Arbitration Association."

The parties may wish to consider adding:

  (a)        "The number of arbitrators shall be (one or three)";

  (b)        "The place of arbitration shall be (city and/or country)"; or

  (c)        "The language(s) of the arbitration shall be ________________."