A well-drafted mediation model clause is an important tool in dispute resolution. KCAB International recommends that parties adopt these model clauses as appropriate. Legal advice should be sought to ensure suitability for specific situations.
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.
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.
