Agreement Not To Sue Plc
Different countries and countries can treat NDAs in very different ways. Always specify the jurisdiction you wish to apply to the contract. The Court of Appeal upheld the High Court`s decision and decided that the dispute settlement clause was a valid arbitration agreement. The Tribunal held that in finding the validity of the arbitration agreement, it was „irrelevant“ that the arbitration clause should be asymmetrical and that the conciliation of a future dispute should be entirely optional, instead of imposing an immediate obligation on the parties to settle their disputes. Since the application of asymmetric clauses in Russia is complex and depends very much on the precise conditions of the clause itself, careful elaboration by an arbitration expert is necessary.