Good Arbitration Clauses Can Ease Overseas Biz, Attys Say
By Jack Newsham (September 14, 2016, 3:45 PM EDT) -- As more U.S. firms turn to low-cost vendors in China, India and elsewhere, they should be careful to write contracts with clear and effective arbitration clauses that are tailored to the circumstances of their business relationships, lawyers with Mayer Brown LLP said in a Wednesday webinar.
Transactional attorneys are often taught the perils of boilerplate language in contracts, and dispute settlement sections are no different. If an arbitration clause lacks broad, clear language requiring parties to submit their disputes to a neutral tribunal, that can leave the door open for an adversary to sue and avoid arbitration, or it could make...
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