Mediation Clause

Suggested Mediation Clause
“Any dispute or difference arising out of or in connection with this agreement at the first place be referred to Bangladesh Institute of Arbitration (BIArb) for mediation in accordance with its current Mediation Rules. If the dispute or difference cannot be resolved within sixty (60) days starting from the date of appointment of the Mediator(s) or if the mediation is abandoned by the mediator(s) then such dispute or difference shall be referred to and determined by arbitration at BIArb by one or more arbitrator(s) pursuant to BIArb Rules of Arbitration.”