The recommended clause
All disputes arising out of or in connection with the present contract shall be finally settled by arbitration organized in accordance with the Rules of the Belgrade Arbitration Center (Belgrade Rules).
Parties may consider adding the following:
- The number of arbitrators shall be (specify: one or three).
- The place of arbitration shall be (specify: town and State).
- The language to be used in the arbitral proceedings shall be (specify preferably only one language).
- The applicable substantive law shall be (specify the applicable law).