Recommended wording for standard and employment-related arbitration clauses.
Recommended Standard Arbitration Clause
Any dispute, disagreement or claim arising out of or in connection with this agreement, including, but not limited to, any issue relating to its conclusion, existence, validity, interpretation, performance, non-performance, breach, amendment, suspension, rescission, termination or invalidity, shall be finally settled by arbitration by the Financial Arbitration Chamber LLC (identification number: 406189137), in accordance with the arbitration rules in force at the time the arbitration proceedings are commenced.
The parties agree that written communication in connection with this agreement and any dispute arising out of or relating to it may also be made electronically, including by using the email addresses specified in this agreement or subsequently designated by the parties in writing.
Recommended Arbitration Clause for Employment Disputes
Any dispute, disagreement, claim or other contentious matter arising out of or in connection with this employment agreement, the employment relationship between the parties or Georgian labour legislation, including matters concerning termination, reinstatement, remuneration, salary arrears, overtime, leave, bonuses, commissions, compensation, damages, disciplinary liability, discrimination, performance or non-performance of contractual terms, or any other employment-related claim, shall be finally settled by arbitration by the Financial Arbitration Chamber LLC (identification number: 406189137), in accordance with the arbitration rules in force at the time the arbitration proceedings are commenced.