TIERED DISPUTE RESOLUTION CLAUSES | why you should use them and how to make sure they work
摘要
Given the significant levels of early international support for the Singapore [Mediation] Convention and the growing popularity and success of international commercial mediation, tiered dispute resolution clauses (“TDRCs”) are very much in focus. TDRCs are contractual provisions setting out a series of alternative dispute resolution steps that parties must take whenever a potential problem or dispute arises prior to commencing any formal legal proceedings. TDRCs are a way of forcing parties to communicate and settle issues amicably so that their working relationship might continue to function. Quite simply, TDRCs allow potential disputes to be addressed quickly and informally so that problems are solved before they get out of hand, working relationships are protected and time and money is not wasted. An English high court judgment from last month that both underlines the courts’ strong support for alternative dispute resolution and TDRCs, and highlights the requirements to make sure that TDRCs are enforceable. This article summarizes four tips to bear in mind when drafting an enforceable TDRC.
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