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Model Arbitration Agreement

All disputes arising from or in connection to this present contract shall be finally settled by arbitration to be administered by the International and Domestic Arbitration Centre, India (IDAC India) in accordance with the IDAC India Rules for the time being in force, without recourse to the ordinary courts of law. Such disputes shall include the questions regarding the existence, validity or termination of this present contract.

The Tribunal shall consist of _______________________ arbitrator/s and shall be seated at _______________________ . The language of the arbitration shall be _______________________ . The substantive law applicable to the dispute is Indian Law.