8. General Provisions
8.1 Governing Law
The applicable law governing the Understanding shall, in all respect, be (name of country-completed by the Parties) law and shall be referred to arbitration in ......
The competent Civil Courts of ......shall have jurisdiction.
In the event of a conflict between the law of any contract being effected by EDI and the Understanding the law of the contract will prevail.
Any dispute arising in connection with the previous of this Understanding shall be settled by negotiations between the Parties. If unsuccessful, and otherwise agreed, the dispute should be settled by such arbitration as the Parties may decide.
8.2 Severability
This Understanding shall be effective from the date on which it is signed.
Any Party may terminate this Understanding by giving not less than one month's notice either by registered post or by any other means agreed between the Parties. The notice shall indicate the date when the Understanding will cease. Termination of the Understanding shall only affect transactions after that date.
8.3 Termination
Any party may terminate this Agreement upon not less than [30] days prior written notice of the termination. No termination shall affect any communications occurring prior to the termination, or the performance of any related transactions. The provisions of Sections 2.5, 2.6, all of Section 5, all of Section 6, 8.1 and 8.5 shall expressly survive any termination and remain binding upon the parties.
8.4 Amendments in Writing
Any terms agreed between the Parties as additions or amendments to this Understanding, shall only be valid if they are set out in the Technical Annex or are otherwise in writing and signed by the Parties.
March 1999
8.5 Headings and Sub-headings
The headings and sub-headings of this Agreement shall be read as part of the clause or sub clause in which it appears.
