To safeguard the interests, ensure a hassle-free future, and avoid court-related complexities, parties may include the following dispute resolution clause in their agreement.
This clause should be placed under the "Dispute Resolution" section of the agreement or a similar heading by ensuring that there are no conflicting clauses regarding dispute resolution, arbitration.
If the agreement has already been executed, the parties can still incorporate this dispute resolution process by executing an addendum to the agreement. The parties may contact ODR Nexus at care@odrnexus.com for such an addendum template.
“Any dispute, controversy or claim arising out of or relating to this contract, including its construction, interpretation, scope, operation, or validity (“Dispute”), shall first be referred to mediation administered by ODR Nexus in accordance with its Mediation Rules. If mediation is unsuccessful or non-starter for any reason, the Dispute shall immediately be escalated to Arbitration and finally resolved by online arbitration administered by ODR Nexus under its Arbitration Rules.
The arbitration shall be conducted before a sole arbitrator appointed under the Rules. The juridical seat shall be [●], India, and the governing law shall be Indian law. The arbitration shall be conducted in English, and the arbitrator’s decision shall be final and binding. Subject to the above, the competent courts at the seat shall have exclusive jurisdiction.
Mediation is a smart, efficient, and cost-effective way to resolve disputes while preserving relationships and ensuring confidentiality.
Mediation offers a results-driven, technology-enabled approach to dispute resolution—faster, more cost-effective, and less stressful than litigation.
At ODR Nexus, we specialize in online mediation, helping individuals and businesses resolve conflicts efficiently while staying compliant with the Mediation Act, 2023.
Looking for a smarter way to resolve disputes? Connect with us today!
