"Negotiation Facilitation +Arbitration" Model Clauses

"Negotiation Facilitation +Arbitration" Model Clause: before the dispute

Any dispute arising from or in connection with this Contract shall be submitted to Negotiation Facilitation Center of Shenzhen Court of International Arbitration (the SCIA) for negotiation facilitation. If the negotiation facilitation turns to a settlement, the parties agree to submit the settlement agreement to the SCIA to request that an arbitral award be rendered in accordance with the Arbitration Rules and based on the terms of the settlement agreement. If any party quits the negotiation facilitation or the negotiation facilitation fails, the dispute shall be submitted to the SCIA for arbitration.

"Negotiation Facilitation +Arbitration" Model Clause: after the dispute

The parties agree to submit the dispute to Negotiation Facilitation Center of Shenzhen Court of International Arbitration (the SCIA) for negotiation facilitation. If the negotiation facilitation turns to a settlement, the parties agree to submit the settlement agreement to the SCIA to request that an arbitral award be rendered in accordance with the Arbitration Rules and based on the terms of the settlement agreement. If any party quits the negotiation facilitation or the negotiation facilitation fails, the dispute shall be submitted to the SCIA for arbitration.

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