EODID Model Clauses

Why EODID model Clauses are important?

By choosing an EODID model clauses, one can know that their case will be resolved quickly and efficiently.

Through mediation, an amicable resolution of the dispute can be reached in a few days, with the active participation of the parties and at a comparatively low cost. The parties will be able to jointly formulate a solution with the help of an experienced mediator from the EODID list and commit themselves to its observance. In any case, the agreement can easily become enforceable by filing it with the competent court secretariat.

Through arbitration, one can have a substantial and lawful resolution of the dispute by prestigious arbitrators who have in-depth knowledge of arbitration and can delve into the dispute in great depth. Arbitration at EODID is completed in just six months and at a cost significantly lower than the one of large international arbitration organizations. The decision is equivalent to a decision of a court of appeal and, as a rule, directly enforceable.

Short Version
“The contracting parties agree to submit any dispute, controversy or claim arising out of or in connection with this contract to mediation under the Mediation Rules of the EODID Athens Mediation & Arbitration Organization (“EODID”). If the dispute or controversy or claim, or any part thereof, is not resolved by mediation, the dispute, controversy or claim, or its unresolved part, shall be submitted to the EODID Arbitration Rules and to one [or three arbitrators], appointed pursuant to the rules hereof.”

 

 

Long Version
“The contracting parties agree to submit any dispute, controversy or claim arising out of or in connection with this contract to mediation under the Mediation Rules of the EODID Athens Mediation & Arbitration Organization (“EODID”). The mediation shall be conducted in ……………………… [English, Greek or another language].
If the dispute or controversy or claim or any part thereof is not resolved within ……. days of commencement of the mediation process, the dispute, controversy or claim or its unresolved part shall be submitted to the EODID Arbitration Rules and to one [or three arbitrators], appointed pursuant to the rules hereof. The place of arbitration shall be ………………… [Greece or any other country], the arbitration shall be conducted in ………………… [English, Greek or another language] and the law applicable to the resolution of the dispute shall be ………….”
This Med-Arb clause shall remain in full force and effect following any rescission or termination of this Contract on any grounds whatsoever, until all disputes, controversies or claims, as defined hereinabove, have been finally settled.
In the event that this Contract is vitiated, rescinded or terminated on any grounds whatsoever, the validity and enforceability of this Med-Arb clause shall not be affected, and this clause shall be independent of and severable from the remaining clauses hereof.”

“The contracting parties agree to submit any dispute, controversy or claim arising out of or in connection with this contract to mediation under the Mediation Rules of the EODID Athens Mediation & Arbitration Organization (“EODID”). The mediation shall be conducted in ……………………… [English, Greek or another language]. This mediation clause shall be independent of and severable from the remaining clauses hereof and shall remain in full force and effect until all the above disputes, controversies or claims have been finally settled.”

“The contracting parties agree to submit any dispute, controversy or claim arising out of, or in connection with, this contract to the EODID Arbitration Rules and to one [or three arbitrators], appointed pursuant to the rules hereof. The place of arbitration shall be ………………… [Greece or any other country], the arbitration shall be conducted in ………………… [English, Greek or another language] and the law applicable to the resolution of the dispute shall be ………….”