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Expedited
arbitration is a method of arbitration whereby certain modifications are
introduced in order to ensure that an award is handed down within a limited
period and at a reduced cost. These modifications include a single
arbitrator instead of a tribunal, shorter periods for each stage in the
arbitration process and summary hearings before the single arbitrator.
To submit future contract disputes to arbitration subject to the
WIPO Expedited Arbitration Rules
, the Center has established the following clause for insertion
within the contract:
"Any dispute,
difference or complaint which may arise from this present contract and
from any amendment thereto or relating to the present contract, including
in particular its formation, validity, obligatory nature, interpretation,
execution, non-fulfilment or termination and any extracontractual complaints
shall be subjected to arbitration for their definitive resolution pursuant
to the WIPO Rules on Expedited Arbitration The arbitral tribunal shall
comprise [three arbitrators] [a sole arbitrator]. The arbitration shall
take place in ... The language which will be used during the arbitral
process shall be ... The dispute, difference or complaint shall be resolved
in accordance with the law of …"
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