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"Any controversy or claim arising out of or relating to
this contract shall be determined by arbitration in accordance with the
International Arbitration Rules of the International Centre for Dispute
Resolution."
or
"Any controversy or claim arising out of or relating to
this contract shall be determined by arbitration in accordance with the
International Arbitration Rules of the American Arbitration Association."
The parties may wish to consider adding:
(a) "The number of arbitrators shall
be (one or three)";
(b) "The place of arbitration shall
be (city and/or country)"; or
(c) "The language(s) of the
arbitration shall be ________________."