In accordance with Article 16 of the Arbitration Law of the People’s Republic of China, an arbitration agreement shall contain the following contents: the intention to request arbitration; the subject of arbitration; the selected arbitration commission.
The China International Economic and Trade Arbitration Commission recommends the following arbitration clauses to the parties:
Model Arbitration Clause (I)
Any disputes arising from or related to this contract shall be submitted to the China International Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules currently in force at the time of application for arbitration. The arbitration award is final and binding on both parties.
Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission ( ClETAC ) for arbitration which shall be conducted in accordance with the ClETAC’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.
Model Arbitration Clause (II)
Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission (ClETAC ) for arbitration which shall be conducted in accordance with the ClETAC’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.
Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission ( CIETAC )_________ Sub-Commission( Arbitration Center ) for arbitration which shall be conducted in accordance with the ClETAC’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.
It is very helpful for importers to resolve disputes in a timely manner by stipulating such a complete arbitration clause in the contract.
Agreement on special clauses (end of contract)
The end of the contract is the end of the contract, which generally includes the number of copies of the contract, the language used in the contract and its validity, as well as the signing place and effective time of the buyer and seller.
In order to improve the performance rate, the contract content should be carefully considered when stipulating the contract content, and strive to make the contract terms clear, specific, strict and interconnected, and consistent with the content of the negotiation, so as to facilitate the performance of the contract.