Model Clause
A well drafted model clause for mediation is helpful in every dispute resolution.
KCAB highly suggest that you use these model clauses as applicable. However, legal advice should be sought for detailed instructions according to the situation.
Model Clause
For use before a dispute arises (Pre-dispute mediation clause)
All disputes, controversies, or differences arising out of or in connection with this contract, including any question regarding its existence, validity, or termination, shall be referred to mediation in Korea in accordance with the International Mediation Rules of the Korean Commercial Arbitration Board for the time being in force.
For use after a dispute has arisen (Existing dispute mediation clause)
We, the undersigned parties, hereby agree that all disputes, controversies, or differences arising out of or in connection with this contract[Contract Title], including any question regarding its existence, validity, or termination, notwithstanding the commencement of other legal proceedings, shall be referred to mediation in Korea in accordance with the International Mediation Rules of the Korean Commercial Arbitration Board for the time being in force.