Model Clause on Arbitration

Any dispute, controversy, or claim arising out of or in connection with this contract, including any question regarding its existence, validity, interpretation, performance, or termination, shall be resolved exclusively by arbitration under the administration of the Asian Centre for International Arbitration and Mediation (ACIAM). The arbitration shall be conducted in accordance with the ACIAM Arbitration Rules in force at the time of the dispute, which are deemed incorporated by reference into this clause.