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MODEL CONCILIATION/MEDIATION CLAUSE

 

Parties who enter into international commercial transactions and wish to settles their disputes by other ADR methods may adopt the following Model Conciliation/ Mediation Clause in their agreement so that any dispute arising there from may be resolved in accordance with the Conciliation/ Mediation Rules of the Regional Centre for International Arbitration, Lagos.

Such an agreement to utilize other ADR methods may be incorporated in the contract out of which the dispute or differences have arisen, or in a separate and fresh agreement in writing; to settle any differences and disputes which may arise subsequently under the Rules and auspices of the Regional Centre for International Commercial Arbitration, Lagos.

“Any dispute, controversy or claim arising out of or relating to this contract or the breach, termination or invalidity thereof, shall be settled by Conciliation/ Mediation in accordance with the Rules for Conciliation/ Mediation of the Regional Centre for International Commercial Arbitration, Lagos”.

 


   
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