Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Arbitration Rules of the SCC Arbitration Institute.
Recommended additions:
The seat of arbitration shall be […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the Rules for Expedited Arbitrations of the SCC Arbitration Institute.
Recommended additions:
The seat of arbitration shall be […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration administered by the SCC Arbitration Institute (the “SCC”).
The Rules for Expedited Arbitrations shall apply, unless the SCC in its discretion determines, taking into account the complexity of the case, the amount in dispute and other circumstances, that the Arbitration Rules shall apply. In the latter case, the SCC shall also decide whether the Arbitral Tribunal shall be composed of one or three arbitrators.
Recommended additions:
The seat of arbitration shall be […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration administered by the SCC Arbitration Institute (the “SCC”).
The Rules for Expedited Arbitrations shall apply where the amount in dispute does not exceed EUR 100,000. Where the amount in dispute exceeds EUR 100,000 the Arbitration Rules shall apply. The Arbitral Tribunal shall be composed of a sole arbitrator where the amount in dispute exceeds EUR 100,000 but not EUR 1,000,000. Where the amount in dispute exceeds EUR 1,000,000, the Arbitral Tribunal shall be composed of three arbitrators. The amount in dispute includes the claims made in the Request for Arbitration and any counterclaims made in the Answer to the Request for Arbitration.
Recommended additions:
The seat of arbitration shall be […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
The undersigned parties hereby agree to submit their dispute arising out of [name/date of the Contract] and relating to [description of the dispute] to be submitted to proceedings in accordance with the Rules for Express Dispute Assessment of the SCC Arbitration Institute.
Possible additions (addition 1 and 2 are alternate options):
In the event of a dispute regarding the interpretation or application of [this contractual provision], the following applies.
In order to limit the scope of disputes arising in connection with this agreement, the parties have agreed that, in the event that the dispute concerns the interpretation or application of [this contractual provision], they should primarily request an assessment according to the SCC Rules for Express Dispute Assessment. This understanding does however not prevent any of the parties from referring, at any time, the dispute to arbitration, as prescribed [in clause [….] of this agreement].
Possible additions (addition 1 and 2 are alternate options):
In the event of a dispute arising from this agreement, the parties agree to first request an assessment of the dispute or certain issue(s) of importance to the dispute according to the SCC Rules for Express Dispute Assessment.
This understanding does however not prevent any of the parties from referring, at any time, disputes under this agreement to arbitration and in such case any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be finally settled by arbitration in accordance with the SCC Arbitration Rules.
Recommended additions:
The seat of arbitration shall be […].
The language to be used in the arbitral proceedings shall be […].
This contract shall be governed by the substantive law of […].
Possible additions (addition 1 and 2 are alternate options):
Disputes arising out of [this agreement/this provision] shall primarily be settled by [the order for discussion of disputed issues that the parties’ agreement prescribes, for example meetings between the CEO’s.]
In the event that the dispute cannot be resolved in accordance with what is prescribed in [paragraph above], the parties, as a second step, undertake to request an assessment of the dispute or certain question(s) of importance to the dispute according to the SCC Rules for Express Dispute Assessment.
If the dispute cannot be resolved in accordance with the provisions stated above, the parties shall refer the dispute to be finally settled by arbitration in accordance with the SCC Arbitration Rules. The seat of the arbitration shall be […]. The language to be used in the arbitral proceedings shall be […]. This contract shall be governed by the substantive law of […].
This understanding does not prevent the parties from referring, at any time, a dispute under this agreement to arbitration in accordance with the foregoing paragraph.
Possible additions (addition 1 and 2 are alternate options):
Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall be referred to Mediation in accordance with the Mediation Rules of the SCC Arbitration Institute, unless one of the parties objects.
Any dispute, controversy or claim arising out of or in connection with this contract, or the breach, termination or invalidity thereof, shall first be referred to Mediation in accordance with the Mediation Rules of the SCC Arbitration Institute, unless one of the parties objects.
If one of the parties objects to Mediation or if the Mediation is terminated, the dispute shall be finally resolved...
Important!
When using the model clause, one of the options below should be inserted.
Option 1
... by arbitration in accordance with the Arbitration Rules of the SCC Arbitration Institute.
Option 2
... by arbitration in accordance with the Rules for Expedited Arbitrations of the SCC Arbitration Institute.
Option 3
...…by arbitration at the SCC Arbitration Institute (the SCC).
The Rules for Expedited Arbitrations shall apply, unless the SCC, taking into account the complexity of the case, the amount in dispute and other circumstances, determines that the Arbitration Rules of the SCC Arbitration Institute shall apply. In the latter case, the SCC shall also decide whether the tribunal shall be composed of one or three arbitrators.
Option 4
...in any court of competent jurisdiction.
The undersigned parties hereby agree to submit their dispute arising out of [name/date of the Contract] and relating to [description of the dispute] to final determination by arbitration in accordance with the Arbitration Rules of the SCC Arbitration Institute.
The arbitral tribunal shall consist of [a sole arbitrator][three arbitrators].
The seat of arbitration shall be in [ ]
The language to be used in the arbitral proceedings shall be [specify language].
The dispute shall be decided in accordance with [ ] law.
Signatures
Party 1:
Date:
Name:
Position:
Party 2:
Date:
Name:
Position:
The undersigned parties hereby agree to submit their dispute arising out of [name/date of the Contract] and relating to [description of the dispute] to final determination by arbitration in accordance with the Rules for Expedited Arbitrations of the SCC Arbitration Institute.
The seat of arbitration shall be in [ ]
The language to be used in the arbitral proceedings shall be [specify language].
The dispute shall be decided in accordance with [ ] law.
Signatures
Party 1:
Date:
Name:
Position:
Party 2:
Date:
Name:
Position:
**SCC Arbitration Institute was previously known as the Arbitration Institute of the Stockholm Chamber of Commerce