This form is an Arbitration Reference Clause usable to compel arbitration in contracts where licensing, patents, or commercial trade secrets are a factor.
Arbitration Clause Confidentiality Agreement Without
State:
Multi-State
Control #:
US-TS10042A
Format:
Word;
PDF;
Rich Text
Instant download
Description
How to fill out Arbitration Reference Clause?
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The place of the arbitration shall be city, state, and state law shall apply. We further agree that we will faithfully observe this agreement and the rules, that we will abide by and perform any award rendered by the arbitrator(s), and that a judgment of any court having jurisdiction may be entered on the award.
Drafting effective arbitration agreementsClearly impose an obligation to arbitrate disputes (taking particular care when drafting hybrid provisions, see Hybrid clauses).Clearly define the disputes to be arbitrated.Specify the governing law of the arbitration agreement.Specify the seat of arbitration.More items...
The parties may also wish to stipulate in the arbitration clause:the law governing the contract;the number of arbitrators;the place of arbitration; and/or.the language of the arbitration.
To make the agreement appear more fair, some companies include a provision that allows you to opt out of the arbitration clause by sending them a letter, usually within a short time after you enter the contract.
Describe what the other party is agreeing to. The agreement might include: Exercising reasonable precautions against disclosure of the information. Not disclosing Confidential Information without the written consent of the Disclosing Party.
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Organization Rules and Canons Impact. Why Arbitration Agreements Are Problematic.The ICC Arbitration Rules do not limit the parties' free choice of the place and language of the arbitration or the law governing the contract. The venue of arbitration shall be New Delhi and the arbitration proceedings shall be conducted in English Language. The agreement may allow either party to designate documents as confidential, in part or whole, for use only in the arbitration. Under the WIPO Rules, the parties agree to carry out the decision of the arbitral tribunal without delay. Such a claim must be heard in arbitration.24.
