Common use of Tribunal Clause in Contracts

Tribunal. 1. Any dispute regarding the interpretation or application of this Agreement, or any dispute arising thereunder at the request of the Council, shall be settled by an ad hoc Tribunal. 2. The Tribunal shall be composed of three members, except as otherwise determined by the Council. 3. The Tribunal shall decide by majority vote and its decision shall be final and binding. 4. The Tribunal shall, at the request of the Council, consider any issue and furnish the Council with its recommendations. 5. In any matter referred to the Tribunal, the parties to the dispute shall choose the members of the Tribunal from amongst a pool of names, approved by the Council, and kept by the Secretariat. 6. Member States party to any dispute or difference shall attempt to settle such dispute or difference amicable before referring the matter to the Tribunal. 7. The Tribunal shall be assisted by the Secretariat in its work. 8. The Tribunal shall determine its own rules of procedure.