{"id":3450,"date":"2024-08-15T10:48:46","date_gmt":"2024-08-15T03:48:46","guid":{"rendered":"https:\/\/bbiac.com\/commercial-arbitration-contract-things-to-note\/"},"modified":"2024-08-15T10:48:46","modified_gmt":"2024-08-15T03:48:46","slug":"commercial-arbitration-contract-things-to-note","status":"publish","type":"post","link":"https:\/\/bbiac.com\/en\/commercial-arbitration-contract-things-to-note\/","title":{"rendered":"Commercial arbitration contract: Things to note"},"content":{"rendered":"<h2><b>1. Necessary provisions in the arbitration contract<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Agreement on dispute resolution in arbitration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Law applicable to the Contract<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Arbitration Location<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of member referees\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Language used (only applicable if there is a foreign dispute)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>How to draft an arbitration contract<\/b><\/li>\n<\/ul>\n<h2><strong>2. How to draft an arbitration contract<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Below is a sample Arbitration Agreement:<\/span><\/p>\n<p><b>ARBITRATION AGREEMENT<\/b><\/p>\n<p><b>Arbitration Agreement<\/b><span style=\"font-weight: 400;\"> This is made on&#8230;..\/&#8230;.\/&#8230;..at&#8230;..between and by:<\/span><\/p>\n<p><b>PARTY A.<\/b> <b>GRANDPARENTS<\/b><span style=\"font-weight: 400;\">&#8230;&#8230;(For individuals); Or <\/span><b>COMPANY<\/b><span style=\"font-weight: 400;\">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Date of birth: (for individuals)\/ Business code (for companies)\u2026\u2026\u2026.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ID card number\/CCCD card: (for individuals)\u2026\u2026, date of issue:\u2026.., place of issue:\u2026\u2026..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Permanent residence registration\/head office: \u2026\u2026\u2026\u2026..\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contact address: \u2026\u2026\u2026\u2026..\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026\u2026..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Phone:\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026.Email:\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/span><\/p>\n<p><b>PARTY B<\/b><span style=\"font-weight: 400;\">. <\/span><b>GRANDPARENTS<\/b><span style=\"font-weight: 400;\">&#8230;&#8230;(For individuals); Or <\/span><b>COMPANY<\/b><span style=\"font-weight: 400;\">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Date of birth: (for individuals)\/ Business code (for companies)\u2026\u2026.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ID card number\/CCCD card: (individual)\u2026\u2026\u2026\u2026\u2026, date of issue:\u2026.., place of issue:\u2026\u2026\u2026.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Registered permanent residence\/head office: \u2026\u2026\u2026\u2026..\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contact address:\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026.\u2026\u2026..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Phone:\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026Email:\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..\u2026\u2026..<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Considering that, on&#8230;\/&#8230;\/&#8230;..Party A and Party B signed Contract No&#8230;. dated&#8230;\/&#8230;.\/&#8230;&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(Hereinafter referred to as \u201cContract\u201d); Now the parties agree to establish an Arbitration Agreement with the following content:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The parties agree: Any dispute arising out of, or related to, the Contract will be resolved by arbitration at BIGBOSS International Commerce (BBIAC) in accordance with the Arbitration Rules of this center.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Or:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The parties agree: Any dispute arising out of or in connection with this contract shall be resolved by arbitration at BIGBOSS International Trade (BBIAC) in accordance with the Arbitration Rules of this Center.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The parties agree that the arbitration proceedings will be conducted in accordance with the Summary Procedures set out in Article 37 of the BBIAC Arbitration Rules.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the parties may add:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(a) the number of arbitrators is [one or three].<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0(b) the place of arbitration is [city and\/or country].\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(c) the law applicable to the contract is [ ].*\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(d) the arbitration language is [ ].** Note: *\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only applicable to disputes with foreign elements **\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only applies to disputes with foreign elements or disputes in which at least one party is a foreign-invested enterprise.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0<\/span><b>PARTY A\u00a0 <\/b><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <b>\u00a0PARTY B<\/b>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/span><\/p>\n<h2><b>3. Notes when signing an arbitration contract<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Form and organization of arbitration:<\/span><\/i><span style=\"font-weight: 400;\"> It is necessary to clearly identify the form of arbitration or the name of the arbitration organization that will resolve the dispute.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For example: The clause only states &#8220;All disputes arising from or related to this Contract will be resolved by arbitration&#8221; without specifying a specific arbitration organization.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In case the arbitration agreement does not specify a specific arbitration organization, the parties must renegotiate or the arbitration organization will be selected at the request of the Claimant if the parties cannot reach an agreement. (According to Clause 5, Article 43 of the Commercial Arbitration Law 2010)<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Avoid choosing arbitration and court at the same time:<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The arbitration agreement must be clear that both arbitration and court should not be chosen to resolve the dispute as this could lead to a conflict of jurisdiction.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Clearly demonstrate your will to choose an arbitrator:<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The arbitration agreement must clearly express the will of the parties in choosing an arbitrator to resolve the dispute.<\/span><\/p>\n<h2><b>4. How to resolve disputes using Bigboss International Commercial Arbitration Center<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To resolve disputes by commercial arbitration at BBIAC. Customers can write in the contract one of the following two contents:\u00a0<\/span><\/p>\n<h3><b>4.1. Model arbitration clause<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\">\u201cAny dispute arising out of or related to this contract will be resolved by arbitration at the BIGBOSS International Commercial Arbitration Center (BBIAC) according to the Arbitration Rules of this Center<\/span><\/i><span style=\"font-weight: 400;\">\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the parties may add:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(a) the number of arbitrators is [one or three].<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0(b) the place of arbitration is [city and\/or country].\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(c) the law applicable to the contract is [ ].*\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(d) the arbitration language is [ ].** Note: *\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only applicable to disputes with foreign elements **\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only applies to disputes with foreign elements or disputes in which at least one party is a foreign-invested enterprise.<\/span><\/p>\n<h3><b>4.2. Model arbitration clause applicable to summary proceedings\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">\u201cAny dispute arising out of or related to this contract will be resolved by arbitration at the BIGBOSS International Commercial Arbitration Center (BBIAC) according to the Arbitration Rules of this Center. The parties agree that the arbitration proceedings will be conducted in accordance with the Simplified Procedures set out in Article 37 of the Arbitration Rules of BBIAC.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, the parties may add:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(a) the place of arbitration is [city and\/or country].<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(b) the law applicable to the contract is [ ].*<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(c) the arbitration language is [ ]. **<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Note:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">* Only applies to disputes with foreign elements<\/span><\/p>\n<p><span style=\"font-weight: 400;\">** Only applies to disputes with foreign elements or disputes where at least one party is a foreign-invested enterprise<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. Necessary provisions in the arbitration contract Agreement on dispute resolution in arbitration Law applicable to the Contract Arbitration Location Number of member referees\u00a0 Language used (only applicable if there is a foreign dispute) How to draft an arbitration contract 2. How to draft an arbitration contract Below is a sample Arbitration Agreement: ARBITRATION AGREEMENT [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[16,85,89],"tags":[291,290,292],"class_list":["post-3450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-goc-nhin-trong-tai-vien","category-library","category-news","tag-arbitration-clause","tag-arbitration-contract","tag-notes-when-signing-an-arbitration-contract"],"_links":{"self":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/posts\/3450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/comments?post=3450"}],"version-history":[{"count":0,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/posts\/3450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/media\/3438"}],"wp:attachment":[{"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/media?parent=3450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/categories?post=3450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bbiac.com\/en\/wp-json\/wp\/v2\/tags?post=3450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}