ARBITRATION AGREEMENT

This arbitration agreement (hereinafter referred as 'the Agreement') is made on [____Date____] between [_______________] residing at the [____________________]/[___Business_entity_requisites___] and [_______________] residing at the [____________________]/[___Business_entity_requisites___], and the parties who have enacted the Agreement, hereinafter shall be referred to as 'the Parties'.

Whereas,

A dispute having arisen between the Parties concerning [___Referred_contract_and_dispute_issue___](hereinafter referred as 'the Dispute');

The Parties hereby agree that the Dispute shall be submitted to the [___Arbitration_Institution___] and shall be finally resolved by arbitration under the [___Rules___] on the terms as follows:

	(1) The number of arbitrators shall be [___one/three___];

	(2) The seat, or legal place, of arbitration shall be [___City_and/or_Country___];

	(3) The language to be used in the arbitral proceedings shall be [_____________];

	(4) The substantive law applicable to the arbitration agreement shall be the substantive law of [_______________];

	(5) [___other_terms_if_needed___].

[___Executed and delivered as of the date first written above___].

[___Signatures___] [___Parties_names___]