Common use of Governing Statute Clause in Contracts

Governing Statute. The Arbitration conducted under this Agreement shall be governed by, and conducted in accordance with, the provisions of the ARBITRATIONS ACT, 1991 (Ontario), unless the Arbitration is "international" as defined in the UNCITRAL Model Law on International Commercial Arbitration, in which event the INTERNATIONAL COMMERCIAL ARBITRATION ACT (Ontario) shall apply.