Draft a contract clause regarding the following topic: Dispute Resolution Clause Write a summary no

Aug 17th, 2016
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Draft a contract clause regarding the following topic: Dispute Resolution Clause Write a summary no more than 250 words in which you explain the legal issues regarding your selected clause. Cite at least 2 peer reviewed references.

Word Count: 1160
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Answer--------------------------IntroductionA dispute resolution clause is an agreement within a contract which sets out the mechanism for theresolution of disputes between the contractual parties. The scope of that agreement is determined inthe drafting of the clause. When agreeing such a clause, there is an increasing trend amongstcommercial parties engaged in international business to provide for a mechanism other than litigation.Often through bitter experience, many commercial parties consider national court litigation to be toopublic, expensive, lengthy and/or damaging to the long term relationship of the parties.An increasingly popular alternative for commercial contracts is arbitration. Amongst other benefits,arbitration provides the privacy that commercial parties seek when resolving disputes and, whereasdifficulties may be encountered when attempting to enforce national

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