Arbitration Model Clause
“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 Arbitration Rules of the Dubai International Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause.
The number of arbitrators shall be [one/three].
The seat of arbitration shall be [City and/or Country*].
The language to be used in the arbitration shall be [language].
The governing law of the contract shall be the substantive law of [State or Country].”
Arbitration and Mediation Model Clause
“In the event of a dispute arising out of or relating to this contract, including any question regarding its existence, validity or termination, the parties shall first seek settlement of that dispute by mediation in accordance with the Mediation Rules of the Dubai International Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause.
If the dispute is not settled by mediation within [X] days of the commencement of the mediation, or such further period as the parties shall agree in writing, the dispute shall be referred to and finally resolved by arbitration under the Arbitration Rules of the Dubai International Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause.
The language to be used in the mediation and in the arbitration shall be [language].
The governing law of the contract shall be the substantive law of [State or Country].
In any arbitration commenced pursuant to this clause,
(i) the number of arbitrators shall be [one/three]; and
(ii) the seat of arbitration shall be [City and/or Country*].”
* If the intention is to choose Dubai International Financial Centre/DIFC as the seat of the arbitration, insert “Dubai International Financial Centre” or “DIFC”.