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In turn, the standard LCIA arbitration clause reads as follows: ?Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the LCIA Rules, which Rules are deemed to be ...
Ask them if they will allow you to sign the contract without the arbitration clause. If they say yes, then take advantage of this, and opt out of the arbitration clause. One step you can take, is simply, to take your pen and cross out all of the languages that mention arbitration.
Following removal of the suit in question to federal court, and its transfer to a desirable federal court, a defendant can move simultaneously to compel arbitration and to stay or dismiss the litigation.
For example, the standard ICC arbitration clause reads as follows: ?All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in ance with the said Rules.?
Some contracts give you the right to opt out of the forced arbitration clause within a certain period of time, often 30 to 60 days, after signing the agreement by notifying the company that you wish to opt out. Check your contract for the deadline and for specific instructions for opting out.