Sample text of the arbitration court clause

"Any dispute, controversy or claim arising out of this Agreement or related to it, its violation, termination, performance or invalidation shall be finally resolved by the arbitration court Komercbanku un investiciju šķirejtiesa (Arbitration Court of Commercial Banks and Investment), located in Riga, in accordance with the rules of procedure of this arbitration court, in Latvian, by written procedure, by one arbitrator selected by the plaintiff"

Sample text of the arbitration court clause is only advisory.

The parties may change the arbitration court clause, not including to it or adding to it:
1) The number of arbitrators _________ (one or three);
2) The language of the arbitration court ___________;
3) The place of arbitration _____________;
4) Written or oral procedure.