CODAC
Contractual Disputes Arbitration Club (CODAC)
Request for Conciliation
Request for Conciliation
Request for Class Action
Request for Class Action
Request for Expedited Procedure
Request for Expedited Procedure
Request for Arbitration
Request for Arbitration
Arbitration and Compromise CODAC Arbitration Model Clause
Any dispute, controversy, difference or claim arising out of or in connection with this Contract, including but not limited to any question regarding its existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it, or any event recognition and/or drafting the modified or substitute contractual terms assigned to arbitration, shall be referred to and finally resolved by arbitration administered by the Contractual Disputes Arbitration Club (“CODAC”) in accordance with the Arbitration Rules of the CODAC (“CODAC Rules”) for the time being in force, which rules are deemed to be incorporated by reference in this Clause, when the Complying Request for Arbitration is submitted. The seat of the arbitration shall be Tehran, I. R. of Iran. The number of arbitrators shall be … (one or three).
Our Services Contractual Disputes Resolution
Administration of Arbitration
To administer arbitration, the request for arbitration shall be registered with the secretariat of CODAC as per the CODAC rules. Upon determination of complying request, arbitration will begin.
Terms of Reference
Prior to the commencement of arbitration, the CODAC has the authority to prepare TOR that includes the name of the arbitrators, fees, the acceptance of the arbitrators, and the special formalities desired by the parties.
Appointment of Arbitrators
Conducting arbitration in contractual disputes should be entrusted to someone who is familiar with drafting contract, contractual claims and arbitration rules and contractual terms and has the skill in writing.
Expedited Procedure
If, for any reason, the parties to the disputes seek to expedite the arbitration proceedings, they can file a request with the CODAC using the related provisions set forth in the CODAC Rules.
CODAC Rules
CODAC has its own rules in Persian and English. Among the features of these rules is a specific look at contractual disputes and up-to-date and innovative procedure such as class action arbitration and arbitral opinion.
Conduct Conciliation
If the parties to the dispute do not want to refer their dispute to arbitration and seek to take conciliation decision, they can request for conciliation both initially or during the arbitration.
