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The arbitration contract can be signed in the form of the separate agreement, or in type of point of the contract, which regulates an order of the dispute settlement. The arbitration contract is considered to be concluded in writing form, signed by the parties, or by means of exchange of letters or messages by teletype or telegraph or with use of other communication facility that provides fixing of such message. The reference in the contract on the document, in which dispute conditions specified concerning committing to Arbitration, is considered an Arbitration agreement provided that the contract is concluded in writing.
Arbitration agreement № ____ Kiev "__" ___ 200 __
Party 1: ____ in the person ________,that operates on the basis of _______________________, on the one hand and Party 2: _________ in the person_______,that operates on the basis of_______________________, on the other hand Have entered into this agreement on the following: 1. Any disputes, divergence or requirement, which arise from the Contract _ № __ from "__" ___ 200____, or concern it, disputes concerning its infringement, termination or invalidity, are subject to the decision permanent Arbitration court under Commodity exchange "Fincom" according to the Law of Ukraine "About arbitration courts", Regulations of this court and present agreement. 2. The present agreement is concluded according to item 12 of the Law of Ukraine "About arbitration courts" from 11 May 2004. 3. The parties recognize the competence of permanent arbitration court under Commodity exchange "Fincom" at the dispute settlements at their participation, and also agree with rules, which regulate its activity and disputes consideration procedure. 4. The regulations of permanent arbitration court under Commodity exchange "Fincom" are an integral part of the present agreement and admit by the Parties in full. 5. Arbitration court competence; 6. Necessary requisites of the statement of claim and response on the statement of claim; 7. Arbitration judge selection criteria, procedure of appointment, recusation of the arbitration judge; 8. Providing actions and order of their application; 9. Question of the form of arbitration legal investigation; 10. Place of arbitration consideration; 11. Language of arbitration consideration; 12. Term of arbitration consideration; 13. Order of experts’ appointment and satisfying of their conclusions; 14. Order of change or addition by the parties of claim requirements and objections, representation of requirements about offset and counterclaims; 15. Party requesting possibility concerning acceptance of the additional decision; 16. Distribution of duties concerning the previous and total payment of arbitration meeting and expenses. 17. In case if permanent arbitration court under Commodity exchange "Fincom" stops the existence, owing to the current legislation, consideration of disputes in it becomes impossible, this agreement automatically loses the force, and all obligations established by it terminate. 18. The present agreement comes into force from the moment of its signing by the Parties. Period of validity is not limited. 19. Legal addresses, bank requisites and signatures of the Parties.
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