In the event of any dispute, controversy or claim arising out of or in relation to this contract, including the validity, invalidity, breach or termination thereof, the parties agree first to try to settle the dispute through mediation administered by the American Chamber of Commerce in Kosovo in accordance with the Rules of Mediation of the American Chamber of Commerce in Kosovo before resorting to arbitration, litigation or some other dispute resolution procedure.
Note: Regardless of whether you choose arbitration or mediation, it is advisable to add the following:
- The number of arbitrators/mediators shall be _____________.
(insert 1 or 3 for arbitration/1 or 2 for mediation);
2. The place of the arbitration/mediation shall be _____________.
(insert city and/or country);
3. The arbitral/mediation proceedings shall be conducted in _____________.