Document background
The Arbitration and Mediation Agreement is essential for parties seeking to establish a clear and efficient dispute resolution mechanism under Dutch law. This document is typically used when parties wish to avoid traditional court litigation and prefer a more flexible, private, and potentially cost-effective approach to resolving disputes. It combines the benefits of mediation (allowing parties to reach mutually acceptable solutions) with the certainty of arbitration (providing a binding decision if mediation fails). The agreement is particularly valuable for international business relationships as it ensures enforcement under the New York Convention while complying with Dutch arbitration law and EU regulations. It should be implemented at the outset of a business relationship, before any disputes arise, to ensure a smooth dispute resolution process.
