SAMPLE ARBITRATION CLAUSE
“Any dispute arising out of or in connection with this contract shall be resolved by arbitration at the BIGBOSS International Commercial Arbitration Centre (BBIAC) in accordance with its Rules of Arbitration Procedure.”
In addition, the parties may add:
(a) the number of arbitrators is [one or three].
(b) the place of arbitration is [City and/or Country].
(c) The law applicable to the contract is [ ].*
(d) the language of arbitration is [ ].**
Notes:
* Only applicable to disputes involving foreign elements
** Only applicable to disputes involving foreign elements or disputes in which at least one party is a foreign-invested enterprise.
MODEL ARBITRATION CLAUSE APPLICABLE TO SUMMARY PROCEEDINGS
“Any dispute arising out of or in connection with this contract shall be resolved by arbitration at the BIGBOSS International Commercial Arbitration Centre (BBIAC) in accordance with its Rules of Arbitration Procedure. The parties agree that the arbitral proceedings shall be conducted in accordance with the Abbreviated Procedure set forth in Article 37 of the Rules of Arbitration Procedure of the BBIAC.”
In addition, the parties may add:
(a) the place of arbitration is [City and/or country].
(b) the law applicable to the contract is [ ].*
(c) the language of arbitration is [ ]. **
Notes:
* Only applicable to disputes involving foreign elements
** Only applicable to disputes involving foreign elements or disputes involving at least one party being a foreign-invested enterprise
