How do I write a dispute resolution clause?

How do I write a dispute resolution clause?

To write a dispute resolution clause, start by defining the scope of disputes it covers. Do you have specific types of disputes in mind?

Yes, I want it to cover contract disputes and any disagreements related to performance.

Great! You can include a statement like: 'Any disputes arising from this contract shall be resolved through mediation followed by arbitration.' Would you like to know more about mediation and arbitration?

Yes, what are the differences between mediation and arbitration?

Mediation is a collaborative process where a neutral third party helps the parties reach a mutual agreement. Arbitration, on the other hand, involves a neutral third party making a binding decision. Would you like to include both in your clause?

Yes, that sounds good. Can you help me draft the full clause?

Sure! Here’s a draft: 'Any disputes arising from this contract shall first be addressed through mediation. If unresolved, the dispute will be settled by binding arbitration in accordance with the rules of [Arbitration Association].' How does that sound?