HAC Rules & Model Clauses
MODEL CLAUSE 1 [Mandatory Mediation Clause]
In the event of any dispute arises out of or relates to this contract, or the breach thereof, and if the dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute by mediation administered by the ‘Hyderabad Arbitration Centre’ (HAC), in accordance with their Mediation Rules (“HAC Mediation Rules”) for the time being in force, before resorting to arbitration, litigation, or some other dispute resolution procedure.
The Mediation shall consist of sole/ _____ numbers of Mediators. The seat of Mediation shall be _________.
The Language of the Mediation shall be _________.
The mediation process and settlement Agreement, if any, shall be governed by, construed and take effect in accordance with the substantive law of __________ .
MODEL CLAUSE 2 [Optional Mediation Clause]
The parties may at any time, attempt to amicably resolve the dispute arising out of this Contract/Agreement, by referring it to Mediation, which shall be administered by the ‘Hyderabad Arbitration Centre’ (HAC), in accordance with its Mediation Rules (“HAC Mediation Rules”) for the time being in force, without prejudice to parties’ right to initiate or continue with arbitration, litigation, or any other proceedings.
The Mediation shall consist of sole/ _____ numbers of Mediators. The seat of Mediation shall be _________.
The Language of the Mediation shall be _________.
The mediation process and settlement Agreement, if any, shall be governed by, construed and take effect in accordance with the substantive law of __________