CORD secures contracts with two dispute resolution clauses

Option 1: Arbitration Clause:

Any dispute arising out of or in connection with this agreement, including any dispute relating to the validity or termination of this agreement shall be determined by arbitration to be administered by the Centre for Online Resolution of Disputes (CORD) (www.resolveoncord.com) in accordance with the Rules of Arbitration of CORD, prevailing as on the date of initiating arbitration. The arbitral tribunal shall consist of a sole arbitrator* who shall be appointed by CORD in accordance with its Rules. The decision of the arbitrator shall be final. The seat of arbitration shall be [INSERT SEAT]**. The language of arbitration shall be English.

*Parties can indicate any other odd number.

**Parties should indicate a seat of their choice

Option 2: Mediation followed by arbitration clause

In the event of any dispute arising out of or in connection with this agreement, including any dispute relating to the validity of this agreement, the parties shall, at first instance, attempt to resolve the dispute by mediation administered by the Centre for Online Resolution of Disputes (“CORD”) (www.resolveoncord.com) and conducted in accordance with the CORD Rules of Mediation, by a sole mediator to be appointed by CORD.

In the event the parties are unable to resolve any such dispute through mediation within 45 days of the initiation of the dispute, subject to a contrary agreement between the parties, the dispute shall be finally resolved by arbitration administered by CORD and conducted in accordance with the Rules of Arbitration of CORD, by a sole arbitrator to be appointed by CORD. The language of arbitration shall be English. The seat of arbitration shall be [INSERT SEAT].

Why opt for CORD Dispute Resolution Clause? 

CORD makes dispute resolution fair, fast and accessible. Secure your contract with a CORD Dispute Resolution clause

Fair

Panel of verified arbitrators and mediators

Neutral 3rd entity appointing an arbitrator

Secure and Transparent process

Fast

Time bound appointment and resolution

Technology and automation to aid the process

Most cost effective way of resolving disputes

Accessible

End to end online

Eco-friendly, paperless process

Assistance by case managers and tech support