Common use of CONSULTATION AND ARBITRATION Clause in Contracts

CONSULTATION AND ARBITRATION. 15.01 The Parties shall make their best efforts to settle amicably any dispute arising in connection with the performance or interpretation of any provision hereof. 15.02 Disputes arising between the DEPARTMENT and the CONTRACTOR relating to this Contract or the interpretation and performance of any of its clauses shall be settled amicably. Disputes which cannot be settled amicably shall be settled by arbitration in accordance with the Rules of Arbitration of <insert which rules shall apply - either the Philippine Dispute Resolution Center Inc., or the International Chamber of Commerce> then in effect. 15.03 The English language shall be the official language to be used in the arbitral proceedings. All hearing materials, statement of claim or defense, award and the reasons supporting them shall be written in English. 15.04 The decision of a majority of the arbitrators shall be final and binding upon the Parties. The Judgment upon the award rendered may be entered in any court having jurisdiction or an application may be made to such court for a judicial acceptance of the award including the request for an issuance of an order of enforcement, as the case may be. Each Party shall bear its respective cost of arbitration, unless the arbitrators decide otherwise. 15.05 The right to continue or complete arbitration proceedings commenced during the term of this Contract shall survive the termination or cancellation of this Contract.

CONSULTATION AND ARBITRATION. 15.01 The Parties shall make their best efforts to settle amicably any dispute arising in connection with the performance or interpretation of any provision hereof. 15.02 Disputes arising between the DEPARTMENT GOVERNMENT and the CONTRACTOR relating to this Contract or the interpretation and performance of any of its clauses shall be settled amicably. Disputes which cannot be settled amicably shall be settled by arbitration in accordance with the Rules of Arbitration of <insert which rules shall apply - either the Philippine Dispute Resolution Center Inc., or the International Chamber of Commerce> then in effect. 15.03 The English language shall be the official language to be used in the arbitral proceedings. All hearing materials, statement of claim or defense, award and the reasons supporting them shall be written in English. 15.04 The decision of a majority of the arbitrators shall be final and binding upon the Parties. The Judgment upon the award rendered may be entered in any court having jurisdiction or an application may be made to such court for a judicial acceptance of the award including the request for an issuance of an order of enforcement, as the case may be. Each Party shall bear its respective cost of arbitration, unless the arbitrators decide otherwise. 15.05 The right to continue or complete arbitration proceedings commenced during the term of this Contract shall survive the termination or cancellation of this Contract.

CONSULTATION AND ARBITRATION. 15.01 The Parties PARTIES shall make their best efforts to settle amicably any dispute arising in connection with the performance or interpretation of any provision hereof. 15.02 Disputes arising between the DEPARTMENT and the CONTRACTOR relating to this Contract or the interpretation and performance of any of its clauses shall be settled amicably. Disputes which cannot be settled amicably shall be settled by arbitration in accordance with the Rules of Arbitration of <insert which rules shall apply - either the Philippine Dispute Resolution Center Inc., or the International Chamber of Commerce> then in effect. 15.03 The English language shall be the official language to be used in the arbitral proceedings. All hearing materials, statement of claim or defense, award and the reasons supporting them shall be written in English. 15.04 The decision of a majority of the arbitrators shall be final and binding upon the PartiesPARTIES. The Judgment upon the award rendered may be entered in any court having jurisdiction or an application may be made to such court for a judicial acceptance of the award including the request for an issuance of an order of enforcement, as the case may be. Each Party PARTY shall bear its respective cost of arbitration, unless the arbitrators decide otherwise. 15.05 The right to continue or complete arbitration proceedings commenced during the term of this Contract shall survive the termination or cancellation of this Contract.