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What is the purpose of the Dispute Termination Event Annex?

April 26, 2017annex dispute event purpose termination

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What is the purpose of the Dispute Termination Event Annex?

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The Dispute Termination Event Annex defines a new term, Dispute Termination Event. If parties adhere to Annex 2 (Dispute Resolution New York law) or Annex 7 (Dispute Resolution – English law), then they should consider whether they want to adhere to Annex 3 and Annex 8, respectively.