When the European company used its trademark at a trade show, the Asian company initiated an expedited WIPO arbitration procedure for violation of the coexistence agreement. The parties to this contract (agreement) agree to be bound by the arbitration agreement contained in the statutes of the legal person [the name used in the contract for the corresponding legal person] provides for the settlement of all disputes arising from the rights of the participants in the legal person and relating to the legal relations of the legal person with third parties. including disputes concerning the declaration of transactions as invalid and/or the application of the consequences of invalidity of transactions, before the International Arbitral Tribunal for Trade at the Chamber of Commerce and Industry of the Russian Federation in accordance with its applicable rules and rules. As part of the WIPO arbitration proceedings, the European developer requested the arbitrator to issue an interim arbitral award inviting the Asian company to make the freezing order, not to bring further claims in court without the prior consent of the arbitrator, and to provide a bank guarantee to secure payment of the european developer`s claim. The arbitrator, while refusing to act directly in connection with the legal proceedings, refused the Asian company to provide a bank guarantee in favor of the European developer. The Asian company provided the bank guarantee as ordered. What is an arbitration agreement? This is usually a clause in a broader contract, in which you commit to resolving disputes that arise with your counterpart through arbitration.