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(a) Negotiations shall be conducted between the respective

representatives or officers of the parties; provided that, in the event


they fail to arrive at an amicable solution within sixty (60) days from
the date their negotiations commence, then a party may send the
other party written notice for the purpose of having the matter finally
settled by arbitration. Arbitration shall be conducted in
(venue/country of choice) under the law of (law of choice). The
decision of the arbitrators shall be final and binding on both parties.
The cost of arbitration shall be borne by the party or parties whom
the arbitral tribunal shall designate as being liable for said costs.

(b) During the course of arbitration, this Agreement shall continue to be


performed except for the matters which the parties are disputing and
which are undergoing arbitration.