Common use of Disputes between the contracting parties relating to the interpretation Clause in Contracts

Disputes between the contracting parties relating to the interpretation. or Application of this Agreement 1. Any dispute relating to the interpretation or application of this Agreement shall be settled as far as possible through diplomatic channels. 2. In the absence of a settlement through diplomatic channels, the dispute shall be submitted to a joint commission consisting of representatives of the two Parties ; this commission shall convene without undue delay at the request of the first party to take action. 3. If the joint commission cannot settle the dispute, the latter shall be submitted, at the request of either Contracting Party, to an arbitration court set up as follows for each individual case : 4. At any stage of the proceedings, the Contracting Parties can decide by mutual agreement to withdraw the case from arbitration. 5. The court thus constituted shall determine its own rules of procedure. Its decisions shall be taken by a majority of the votes ; they shall be final and binding on the Contracting Parties. 6. Each Contracting Party shall bear the costs resulting from the appointment of its arbitrator. The expenses in connection with the appointment of the third arbitrator and the administrative costs of the court shall be borne equally by the Contracting Parties.