Model Clauses

 

Arbitration Model Clause

«Any dispute arising from this contract or which relates to it, including any question relating to its existence, validity, interpretation, performance or termination, shall be subject to the decision of [one arbitrator / three arbitrators], with the administration of the arbitration to be referred to the Madrid International Arbitration Center (CIAM), in accordance with its Rules in force at the date when the request for arbitration is filed. The arbitration shall be in law. The language of the arbitration shall be [specify language]. The place of arbitration shall be [city].»

 

Arbitration and Mediation Model Clause

«In the event of any dispute arising out of or in connection with the present contract, including any question relating to its existence, validity, interpretation, performance or termination, the parties agree to refer the dispute to the Mediation Service of the Madrid International Arbitration Center (“CIAM” or “Center”), in accordance with its Bylaws and Rules in force at the date when the request for mediation is filed. The mediation shall be conducted by [number of mediators]. The seat of the mediation shall be [specify city] and the language shall be [specify language]. If the dispute has not been settled pursuant to the said Bylaws and Rules within [*] days following the admission of the request for mediation by the Center, or within such other period as the parties may agree in writing, such dispute shall thereafter be finally settled by arbitration administered by MIAC in accordance with its Bylaws and Rules in force at the date when the request for arbitration is filed. The arbitration shall be settled in law by [one arbitrator / three arbitrators]. The seat of arbitration shall be [specify city] and the language shall be [specify language].»

 

The parties are free to adapt and customize these model clauses tailoring them to their needs. Additional language versions of these model clauses are available on the Center’s website: www.madridarb.com