For the parties who wish to have future disputes referred to arbitration under the Energy Disputes Arbitration Center (EDAC) Rules, the following clause is recommended. Words/spaces should be deleted/completed as appropriate.
“Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration under the Energy Disputes Arbitration Center (EDAC) Rules, which Rules are deemed to be incorporated by reference into this clause.
The number of arbitrators shall be [one/three].
The seat, or legal place, of arbitration shall be […].
The language to be used in the arbitral proceedings shall be […].
The governing law of the contract shall be the substantive law of […].”