Mediators/Arbitrators Clause Samples

The Mediators/Arbitrators clause defines the process for selecting neutral third parties to resolve disputes between the parties to a contract. Typically, it outlines the qualifications required for mediators or arbitrators, the method of their appointment, and the procedures to be followed during mediation or arbitration. For example, it may specify that both parties must agree on a mediator from a pre-approved list or that an arbitration institution will appoint an arbitrator if the parties cannot agree. This clause ensures that any disagreements are handled efficiently and fairly by impartial professionals, thereby providing a structured mechanism for dispute resolution and reducing the likelihood of prolonged litigation.