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Demonstration of Arbitration Clause

ĦĦĦĦIf the parties voluntarily submit their disputes to Shanghai Arbitration Commission for arbitration, the norms of writing of the arbitration clause shall be:Ħ°The disputes, arising between the parties of the contract, shall be settled by consultation; the disputes, if may not be settled by consultation, shall be submitted to Shanghai Arbitration Commission for arbitration according to the arbitration rules of the Arbitration Commission.Ħħ

ĦĦĦĦSpecial Prompt

ĦĦĦĦAccording to the provision provided in Article 16 of the Arbitration Law of the People's Republic of China, the arbitration agreement signed by the parties or the arbitration provisions agreed in the contract shall include three contents:˘Ùthe expression of the parties' wish to submit to arbitration;˘Úthe matters to be arbitrated, and the matters not exceed the scope of arbitration according to law; and˘Ûthe Arbitration Commission selected by the parties.

ĦĦĦĦIf any of the above-mentioned contents is lacked, the arbitration agreement or arbitration clauses shall be ineffective, thereby, the disputes may not be settled by means of arbitration.