Sample Arbitration Term: "All disputes arising out of or relating to this contract shall be resolved by arbitration at the Vietnam Trade and Investment Arbitration Center (VTIAC) in accordance with its Arbitration Rules".
In addition, the parties may add:
(a) the number of arbitrators is [one or three].
(b) the place of arbitration is [city and/or country].
(c) the law applicable to the contract is [ ].*
(d) the language of arbitration is [ ].**
Note:
* Applies only to disputes with foreign elements
** Applies only to disputes with foreign elements or disputes in which at least one party is a foreign-invested enterprise. << More Arbitration