Defective Arbitration Clauses in International Commercial Contracts
Common mistakes and proper drafting guidelines
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Usually in contract drafting process arbitration clause is left for the end. Sometimes it happens that parties really do not wish to start discussions on how should arbitration clause look like or what details should it contain, because either parties think they would never come to a conflict or they are short of time and leave arbitration clause unconsidered. Absence of sufficient attention when drafting arbitration clauses is likely to give rise to defective arbitration clauses, which lead to much higher than expected time and money costs or even make arbitration impossible. Therefore this b...
Usually in contract drafting process arbitration clause is left for the end. Sometimes it happens that parties really do not wish to start discussions on how should arbitration clause look like or what details should it contain, because either parties think they would never come to a conflict or they are short of time and leave arbitration clause unconsidered. Absence of sufficient attention when drafting arbitration clauses is likely to give rise to defective arbitration clauses, which lead to much higher than expected time and money costs or even make arbitration impossible. Therefore this book looks into most common mistakes made when drafting arbitration clauses and povides guidelines on the proper arbitration clause drafting.
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