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Article: Dispute Resolution Clauses In Project Contracts Revisited.
- Article from:
- Mondaq Business Briefing
- Article date:
- December 19, 2008
- Author:
CopyrightCOPYRIGHT 2008 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Key Point
Care must be taken in selection and drafting of complex dispute resolution clauses to avoid lengthy, complicated, and unintended outcomes.
The increasing complexity of commercial contracts has seen the emergence of new methods for resolving disputes through more efficient and effective dispute resolution processes. Often these processes comprise multiple layers and alternatives for the different types of disputes that may arise in the context of a commercial relationship.
While such complex forms of dispute resolution procedures have attractive benefits, failing to give careful consideration to their scope and application within a ...