Model Clause

Model Clause

*Model Clause

Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall initially be referred to the Dubai International Arbitration Centre and attempted to be settled by conciliation under the DIAC Arbitration Rules in force on the date of the submission of the application for conciliation (“the Rules”), which Rules are deemed to be incorporated by reference into this clause. The language of the conciliation shall be [**].

*this clause has to be followed by a dispute resolution clause (i.e. arbitration or court litigation), providing for the final resolution of the dispute, should the attempt at conciliation fail

** the language, in which the parties wish the conciliation proceedings to be conducted