Abstract

Arbitration is a preferred alternative resolution to settle down the disputes, conflicts, differences, discrepancies in international contract between or among the parties, while saving the time, money, energy, skill and litigation under normal domestic or foreign Laws of the parties towards the developments of the Business. Amicable solution by the parties or special negotiators settlement or reconciliation, or Experts opinion, or mediations and/or the Arbitration through entity are normally called the alternative means of the disputes settlements.

Keywords

arbitrage, amicable solutions, international contracts, reconciliation, alternative means