Third parties may agree at any time to be bound by this arbitration agreement in any document sent to the parties to this agreement (agreement). The parties may also specify in the arbitration clause that the parties are free to adapt the clause to their particular circumstances. For example, they may wish to determine the number of arbitrators, given that the ICC Arbitration Rules contain a presumption in favour of a single arbitrator. It may also be desirable for them to determine the place and language of the arbitration and the law applicable to the case. The ICC Arbitration Rules do not limit the parties` free choice of venue and language of arbitration or contract law. In the event of any dispute between the parties hereof [Contract, Lease Agreement, etc.], it is agreed that the Dispute shall be referred to U.S. arbitration and mediation for conciliation, in accordance with the U.S. Arbitration and Mediation Rules. The arbitrator`s decision is final and binding and may be decided on it.
In the event that a party fails to arbitrate, unsuccessfully challenges the arbitrator`s award, or fails to comply with the arbitrator`s award, the other party is entitled to recourse costs, including reasonable attorneys` fees, to impose arbitration or defend or enforce the arbitral award. Other combinations of services are also possible. For example, arbitration can be used as a loophole for specialized or dispute resolution proceedings. . . .
