英语翻译
Any dispute,controversy,or claim arising out or relating to this Agreement,or the violation,normal and early termination or invalidity thereof,shall be settled by negotiation or conciliation.Should these negotiations or conciliations not lead to any acceptable to the Parties concerned within three (3) months,these dispute,controversy,or claim shall be settled by arbitration in the Arbitration Institute of the Stockholm Chamber of Commerce in accordance with the Rules of Conciliation and Arbitration of the International Chamber of Commerce.In case of arbitration,the laws of the Federal Republic of Germany shall apply.
The place of arbitration shall be Stockholm,Sweden.The arbitration proceedings shall be conducted in English.The arbitration tribunal shall be composed of three (3) members.The award of the arbitration shall be final and binding on the Parties concerned.The Parties hereto shall recognize and execute the award in their country.