ICC Arbitration
Category: Contract & Resolve Disputes
Industry BodyCommercialFreemium
Visit resource ↗What it is useful for
ICC arbitration information, dispute-resolution services, and standard clause orientation.
Helpful terms: Governing LawThe legal system chosen to interpret a contract and decide the parties rights, obligations, and remedies., Arbitration ClauseA contract clause that sends disputes to arbitration instead of ordinary court litigation, usually naming rules, seat, language, and number of arbitrators., ICC ArbitrationArbitration administered under International Chamber of Commerce rules, commonly used for international commercial disputes.
Guidance
Best used for: Deciding whether an international sale or distribution agreement needs a formal dispute forum.
Watch out for: Arbitration is costly and contract-specific; clause wording, seat, language, and enforcement need legal review.