"All disputes arising from the present contract and/or in connection with it shall be finally decided with the Arbitration Court attached to the Economic Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic by one arbitrator appointed by the President of the Arbitration Court."

"All disputes arising from the present contract and/or in connection with it shall be finally decided with the Arbitration Court attached to the Economic Chamber of the Czech Republic and Agricultural Chamber of the Czech Republic by three arbitrators in accordance with the Rules of that Arbitration Court."

Recommended wording of an addendum with an arbitration clause to existing contracts:

"The contracting parties have agreed upon an Addendum No ........ to the contract No ............
dated ........... reading as follows :

(to indicate the agreed wording of the arbitration clause - see above)

In ................. on ...............

.......................................... ..........................................
signatures of the representatives of contracting partics

 

Recommended lace of the arbitration clause in a contract.

It is recommended to place the arbitration clause into the introductory or final provisions of the relevant contract of property nature as one of the respective provisions.