Why the Arbitration Clause Matters in a Contract
The arbitration clause is the provision of a contract that determines in advance where and how a dispute between the parties will be resolved. A well-drafted clause saves time and costs; a poorly drafted one becomes itself the subject of a dispute and a reason for the case to drift into court. Georgian arbitration law sets clear rules on the concept and form of the arbitration agreement, the limits of court jurisdiction over the merits, the number and appointment of arbitrators, their challenge, and the procedure and seat of the proceedings. This page explains these rules and what to consider when drafting the clause.