texts: I hope so . too . But I still think the provision of arbitration is of great importance to both of us . </s> <s> All right . I agree with you . But where do we hold arbitration ? </s> <s> I suggest the arbitration be held in a third country .
labels: It sounds reasonable . The clause should be like this - any disputes arising from the execution of this contract shall be settled in a friendly way . If no settlement can be reached through consul - nation and conciliation , the disputes shall be submitted for arbitration by a mutually nominated arbitrator . The arbitrator's decision on the dispute is final and binding on the both parties .