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Clause

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Any and all controversy(ies) / dispute(s) / difference(s)/ claim(s) / claim(s) in tort arising out of or in connection with or in relation to this contract, including its existence, validity or termination, shall be referred to and finally resolved by arbitration of sole Arbitrator nominated by the Council for National and International Commercial Arbitration (CNICA), having its registered office at Unit No.412, ‘Raheja Tower’, Alpha Wing, II Floor, Door No:113-134, Anna Salai, Chennai 600 002, India, and Arbitration Rules of CNICA shall prevail.

It is further agreed that such arbitration shall be conducted in accordance with the expedited procedure set out in the Arbitration Rules of CNICA.

The award so rendered shall be final and binding on the parties. The language shall be English, and the venue shall be at __________________________________ (City).

*Note: Add the following for international contracts.

*The governing law of the contract shall be substantive law of _______________ (Country).

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Any and all controversy(ies) / dispute(s) / difference(s)/ claim(s) / claim(s) in tort arising out of or in connection with or in relation to this contract, including its existence, validity or termination, shall be referred to and finally resolved by arbitration of sole Arbitrator nominated by the Council for National and International Commercial Arbitration (CNICA), having its registered office at Unit No.412, ‘Raheja Tower’, Alpha Wing, II Floor, Door No:113-134, Anna Salai, Chennai 600 002, India, and Arbitration Rules of CNICA shall prevail.

It is further agreed that such arbitration shall be conducted in accordance with the emergency procedure set out in the Arbitration Rules of CNICA.

The award so rendered shall be final and binding on the parties. The language shall be English, and the venue shall be at __________________________________ (City).

*Note: Add the following for international contracts.

* The governing law of the contract shall be substantive law of _______________ (Country).