In drawing up contracts, we recommend that parties include the following arbitration clause:
“All and any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration in [New Delhi/Singapore]* in accordance with the Arbitration Rules of the Construction Industry Arbitration Council ("CIAC Arbitration Rules") for the time being in force at the commencement of the arbitration, which rules are deemed to be incorporated by reference in this clause.”
* Choose as appropriate - If the matter is domestic (between Indian parties) then New Delhi or any other place in India can be chosen. If the matter is international (between an Indian party and foreign party or between two foreign parties) then Singapore is to be chosen.
Parties may add:
The Tribunal shall consist of _________* arbitrator(s) to be appointed by the Chairman of the Executive Committee of the Construction Industry Arbitration Council.
The language of the arbitration shall be English.
* State an odd number. Either state one, or state three.
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