Common use of ICC Arbitration Clause in Contracts

ICC Arbitration. Any dispute arising out of or in connection with this Agreement or its negotiation shall be finally settled following the Rules of Arbitration of the International Chamber of Commerce as in force at the time of initiation of the arbitral procedure, by arbitrators appointed in accordance with these Rules. The arbitration panel shall be composed of three arbitrators, unless the disputing Parties agree on a greater odd number of arbitrators. The arbitration shall be held in Brussels. The proceedings and award shall be in the English language. The arbitral award shall be final and binding on the Parties. The Parties agree that the arbitrators validly appointed shall not be allowed to impose (without intervention of the Parties) the termination of this Agreement as the solution to said dispute.

ICC Arbitration. Any dispute arising out of or in connection with this Agreement or its negotiation shall be finally settled following the Rules of Arbitration of the International Chamber of Commerce as in force at the time of initiation of the arbitral procedure, by arbitrators appointed in accordance with these Rules. The arbitration panel shall be composed of three arbitrators, unless the disputing Parties parties agree on a greater odd number of arbitrators. The arbitration shall be held in Brussels. The proceedings and award shall be in the English language. The arbitral award shall be final and binding on the Parties. The Parties agree that the arbitrators validly appointed shall not be allowed to impose (without intervention of the Parties) the termination of this Agreement as the solution to said dispute.