Section 7 of the Act defines the arbitration agreement… Standard Arbitration Clause for Domestic Commercial Contracts All disputes, claims or controversies arising out of or related to this Agreement or the breach, performance, performance, interpretation or validity of this Agreement, including the determination of the extent or applicability of this Agreement to arbitration, shall be decided by arbitration before [one arbitrator/three]. This clause shall not prevent the parties from bringing preliminary appeals before a court having jurisdiction with a view to arbitration proceedings. 2. With regard to the document, which is compulsorily registered but not registered, the court may, taking into account Article 16(1)(a) of the Act, dissociate the arbitration agreement from the main document as an agreement independent of the other terms of the contract, even if the document itself cannot affect the immovable property or cannot be obtained as evidence of a transaction, which relates to this property. Within 15 days of the commencement of the arbitration, each party shall select one person as the arbitrator and the two parties so selected shall select a third arbitrator within thirty days of the commencement of the arbitration. If the arbitrators chosen by the parties fail to reach agreement on the third arbitrator or fail to reach an agreement within the prescribed period, the third arbitrator shall be appointed by the tribunal. All arbitrators shall act as neutral, independent and impartial arbitrators. Optional The existence of a dispute is an essential condition for arbitration. If the parties have effectively settled their disputes, they cannot refute the transaction and cannot invoke an arbitration clause. The specifications of referee qualifications are often the best in the context of a panel of three arbitrators, as it is possible, in this environment, to require that one of the panelists have specific technical expertise without limiting the entire panel to such narrow experience. This will ensure that the desired technical expertise is represented on the panel while ensuring that the panel chair has extensive experience throughout the arbitration proceedings.
The parties shall maintain the confidentiality of the arbitration proceedings and the arbitral award, including the hearing, unless this is necessary for the preparation or enforcement of the arbitration on the merits, or unless it is necessary in the context of a judicial application for an interim appeal, a judicial challenge to an arbitral award or its enforcement, or unless so required by law or other judicial decision. All disputes, controversies or claims arising out of or related to this Agreement, including the conclusion, interpretation, breach or termination of this Agreement, including whether the claims asserted are different, shall be referred by arbitration and finally settled in accordance with the Arbitration Rules. The tribunal shall be composed of [three arbitrators/one arbitrator]. The place of arbitration is [place]. The language to be used in the arbitration proceedings is [language]. The judgment on the arbitrator`s arbitral award may be submitted to any court of competent jurisdiction. The Parties shall endeavour, in good faith, to resolve without delay any dispute arising out of or related to this Agreement through negotiations between officers empowered to settle the controversy and who are at a higher level of management than the persons directly responsible for the management of this Agreement. . . .