Common use of International Contracts (where Supplier/Service Provider is a foreign party) Clause in Contracts

International Contracts (where Supplier/Service Provider is a foreign party). i. For such Contracts, where the dispute has not been resolved through Conciliation in accordance with the procedure laid down in Clause 22.0 above, the aggrieved Party may invoke Arbitration as per the procedure laid down in rules of International Chamber of Commerce(ICC) and the rules of ICC shall apply in relation to such Arbitration. ii. The seat and venue of such Arbitrations shall be New Delhi and the Arbitration shall be governed by the Laws of India. The language of the Arbitration shall be English. iii. The Courts at New Delhi shall have the exclusive jurisdiction in relation to disputes arising out of such Contracts.

Appears in 2 contracts

Sources: Supply Agreement, Supply Agreement