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Parties agree to minitrial proceedings before any dispute occurs |
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The clause can be included in national and international agreements |
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Minitrial proceedings will be conducted on a confidential basis and will not be made public |
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The mediator will ideally be chosen by both parties |
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The NAI can also propose an experienced and expert mediator |
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It is possible that the parties will be unable to reach a compromise. In order to avoid a stalemate, an arbitration clause can be incorporated after the minitrial clause so that the dispute can be resolved in accordance with the Arbitration Rules |
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Minitrial is more economical in terms of time as well as costs |