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Applicable Law Arbitration Agreement Template for Austria

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Key Requirements PROMPT example:

Applicable Law Arbitration Agreement

"I need an Applicable Law and Arbitration Agreement for a joint venture between our Austrian manufacturing company and a German technology provider, with VIAC arbitration in Vienna and specific provisions for technical disputes to be resolved by expert determination."

Document background
The Applicable Law and Arbitration Agreement is essential for businesses engaging in commercial relationships who wish to establish certainty regarding the legal framework governing their relationship and ensure efficient dispute resolution through arbitration. This document is particularly valuable when parties seek to leverage Austria's well-developed arbitration framework and legal system. It specifies Austrian law as the governing law and includes comprehensive arbitration provisions aligned with the Austrian Code of Civil Procedure and international conventions. The agreement is commonly used in international business transactions, providing a balanced and neutral forum for dispute resolution while benefiting from Austria's arbitration-friendly environment and its courts' supportive approach to arbitration. It's particularly relevant when parties seek to utilize Vienna's reputation as a neutral arbitration venue or wish to take advantage of institutions like the Vienna International Arbitral Centre (VIAC).
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Governing Law: Clear designation of Austrian law as the governing law of the underlying relationship

5. Arbitration Agreement: Core arbitration provisions including scope of arbitrable disputes and agreement to arbitrate

6. Arbitration Rules: Specification of applicable arbitration rules (e.g., VIAC Rules) and any modifications

7. Arbitral Tribunal: Number of arbitrators and appointment procedure

8. Seat of Arbitration: Specification of the arbitration seat and venue for hearings

9. Language of Arbitration: Official language(s) for the arbitration proceedings

10. Confidentiality: Obligations regarding confidentiality of the arbitration proceedings

11. Costs: Allocation of arbitration costs and legal fees

12. Final Provisions: Severability, entire agreement, and amendment procedures

Optional Sections

1. Emergency Arbitration: Provisions for emergency relief before tribunal constitution, typically when using institutional rules that provide for this

2. Multi-tier Dispute Resolution: Including preliminary steps like negotiation or mediation before arbitration, if parties want a stepped approach

3. Interim Measures: Specific provisions on interim relief and court assistance, if parties want to elaborate beyond institutional rules

4. Document Production: Specific rules for document disclosure if parties want to modify institutional rules

5. Expert Determination: Provisions for technical matters to be referred to expert determination rather than arbitration

6. Joinder and Consolidation: Provisions for multiple parties or related contracts, if relevant to the business relationship

7. Time Limits: Specific deadlines for various stages of the arbitration, if parties want to modify institutional rules

Suggested Schedules

1. Notice Details: Contact information and addresses for service of notices

2. Model Notice of Arbitration: Template for initiating arbitration proceedings

3. Fee Schedule: Reference to applicable arbitration fees if not using institutional rules

4. Arbitrator Qualifications: Specific requirements for arbitrator expertise or qualifications

5. Related Agreements: List of agreements covered by the arbitration clause if multiple contracts involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses
























Relevant Industries

Manufacturing

International Trade

Financial Services

Technology

Construction

Energy

Telecommunications

Professional Services

Retail

Healthcare

Real Estate

Transportation

Infrastructure

Consumer Goods

Industrial Products

Relevant Teams

Legal

Compliance

Corporate Governance

Risk Management

Business Development

Commercial Operations

International Operations

Contract Administration

Corporate Affairs

Executive Leadership

Relevant Roles

General Counsel

Legal Director

Corporate Lawyer

Contract Manager

Legal Operations Manager

Compliance Officer

Chief Legal Officer

Business Development Director

Commercial Director

Risk Manager

Chief Executive Officer

Chief Operating Officer

International Business Manager

Project Manager

Corporate Secretary

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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