In case of any dispute, disagreement or claim arising between the parties (hereinafter referred to as the dispute) concerning this agreement, the parties shall try to resolve the dispute by negotiation. Negotiation here means an invitation to be sent by one party to the other in writing for a meeting and an attempt by both, in the meeting, to resolve the dispute within 14 days from date of the written invitation or such other duration as may be agreed upon by both the parties in writing.

Any dispute or difference arising out of or in connection with this contract, including any question regarding its construction, meaning, scope, operation, existence, validity or termination, shall be referred to and finally resolved by arbitration in accordance with the provisions of Arbitration and Conciliation Act 1996 or any statutory amendment thereof. The dispute shall be referred to a single arbitrator/panel of arbitrators who be appointed by the authorised representative / Director of ______. The arbitrator appointment/nomination shall be through/via Vakeel International Arbitration and Mediation Centre. The ____________(party) shall not challenge the nomination/appointment of Arbitrator or his award on the ground that the nomination is made by authorised representative / Director of ________.