Sample Clauses

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A Sample Clause for Arbitration of Future Disputes

Any dispute, controversy, or claim arising from or relating to this contract or the breach, termination or invalidity thereof shall be settled by arbitration in accordance with the Rules of Procedure of the Miami Maritime Arbitration Council in effect at the commencement of the arbitration. The award shall be final and shall be enforceable by any Court having jurisdiction.

Submission of Existing Disputes

Where the contract does not contain an arbitration clause and the parties desire to submit to arbitration under the Rules and Procedure of the Miami Maritime Arbitration Council an existing dispute, it is recommended that they use the submission agreement which follows or consult with the Council in preparing an appropriate text for a submission to arbitration.

Submission Agreement

The undersigned hereby agree to submit to arbitration under the Rules of Procedure of the Miami Maritime Arbitration Council the following dispute: (describe briefly). We agree the award shall be final and shall be enforceable by any court having jurisdiction.

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