A model dispute resolution clause that can often be found in domestic commercial contracts reads “(1) The parties have agreed that all disagreements regarding this agreement be settled amicably by their representatives.; (2) If it is not possible to resolve disputes amicably, the parties will address the competent courts of law.”.
The language of the contracts is open for interpretation when it comes about implementing the model dispute resolution clause above. While the meaning of the word “amicably” …