Draft for discussion purpose only
In the event of any dispute arising under, out of or in connection with this agreement/invoice, including any dispute relating to the validity of this agreement/invoice, the parties shall, refer the dispute to WeVaad for resolution through [mediation/conciliation]. The [mediation/conciliation] shall be conducted in accordance with [WeVaad Mediation Rules/WeVaad Conciliation Rules], by a sole [mediator/conciliator] to be appointed by WeVaad.
In an event that the parties are unable to resolve any such dispute through [mediation/conciliator] within 30 days of the reference of dispute to [mediation/conciliation] to be conducted by WeVaad, the dispute shall be referred to WeVaad for resolution through arbitration. The arbitration shall be conducted in accordance with WeVaad Arbitration Rules, by a sole arbitrator to be appointed by WeVaad. The language of arbitration shall be English and the proceedings shall be conducted online on WeVaad web application platform. The seat of arbitration shall be [•] [Note: Please provide a seat to the arbitration that may be convenient to the parties. Under WeVaad Arbitration Rules, Mumbai has been provided as the seat of the arbitration.] The award passed by the Arbitrator shall be final and binding on the Parties.