Institute of international commercial law the institute of international commercial law is a center for research on the united nations convention on contracts for the international sale of goods cisg which governs the commercial transactio. International commercial law is a body of legal rules conventions treaties domestic legislation and commercial customs or usages that governs international commercial or business transactions. Parties can copy and paste these clauses into their contracts commercial us domestic any controversy or claim arising out of or relating to this contract or the breach thereof shall be settled by arbitration administered by the american arbitration association in accordance with its commercial or other arbitration rules and judgment
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