Clauses that are inaccurate or incomplete, can lead to significant procedural complications, including the potential invalidity of the arbitration agreement. Removing key elements such as the method of appointing arbitrators, the language of the proceedings, or the applicable law can negatively impact both the efficiency and effectiveness of the arbitration process.
To mitigate these risks and ensure clarity and enforceability, the Egyptian Center for Arbitration and Settlement of Non-Banking Financial Disputes (ECAS) strongly recommends using its model arbitration clauses when incorporating arbitration provisions into contracts.
These model clauses are designed to provide comprehensive coverage of all essential aspects of the arbitration process in accordance with ECAS rules, helping parties avoid ambiguity and reduce the likelihood of future disputes related to the arbitration agreement itself.
Important Note:
All model clauses shall include the following information:
All model clauses shall include the following information:
- The number of arbitrators shall be odd: [Specify one or three...].
- The seat of arbitration shall be: [Specify city or country].
- The language of arbitration shall be: [Specify Language].
- The governing law of the contract is: [Specify Law].