MODEL CLAUSES

The Centre recommends the following ARBITRATION / MEDIATION clause.

Parties are free to insert this clause into their contracts:

MEDIATION CLAUSE

"Any dispute arises out of or in connection with this contract, or in respect of any defined legal relationship associated therewith or derived therefrom, the parties agree to seek an amicable settlement of the dispute through mediation under the Rules of Mediation of the Indo French Mediation & Arbitration Centre. The mediation shall take place in India/France and be administered under the Rules of Mediation of the "Indo French Mediation & Arbitration Centre".

If the dispute has not been settled pursuant to the said Rules within 60 days following the written invitation to mediate or within such other period as the parties may agree in writing, the dispute shall be resolved by arbitration in accordance with the Rules of Arbitration of the Indo French Mediation & Arbitration Centre.

ARBITRATION CLAUSE

"Any dispute or difference or claim arising out of or in relation to this contract, including the construction, validity, performance or breach thereof, shall be settled and decided by arbitration in accordance with the Rules of Arbitration of Indo French Mediation & Arbitration Centre and the award made in pursuance thereof shall be binding on the parties."