The dispute resolution clause checklist and the short forms

SHORT FORMS AND CHECKLIST

Short form 1 — domestic, institutional, no ladder

Any dispute, difference or claim arising out of or in connection with this Agreement, including any question as to its existence, validity, breach or termination, shall be referred to and finally resolved by arbitration administered by [the Mumbai Centre for International Arbitration] in accordance with its arbitration rules in force at the date of the notice of arbitration, which rules are deemed to be incorporated by reference into this clause. The number of arbitrators shall be [one], appointed in accordance with those rules and not by either Party unilaterally. The seat of the arbitration shall be [Seat of arbitration]. The language shall be English. This Agreement and the arbitration agreement in this clause are governed by the laws of India. Subject to this clause, the courts at [City of courts with exclusive jurisdiction] alone shall have exclusive jurisdiction. Either Party may at any time apply to those courts for interim measures under s.9 of the Arbitration and Conciliation Act 1996.