What Should Be Included in a Dispute Resolution Clause for Catalysis Projects?
A well-drafted dispute resolution clause should include the following elements:
1. Scope of Disputes: Clearly define what types of disputes the clause covers. 2. Choice of Law: Specify the jurisdiction whose laws will govern the contract. 3. Method of Resolution: Outline the specific methods to be used (e.g., negotiation, mediation, arbitration). 4. Location: Determine where the resolution process will take place. 5. Timelines: Set deadlines for each stage of the dispute resolution process. 6. Confidentiality: Ensure that any information disclosed during the resolution process remains confidential.
