Article 31: Settlement of Disputes
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(1)
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Disputes
arising between Parties, or between Parties and the Organization, relating to
rights and obligations under this Convention should be settled by negotiation
between the parties concerned. If within one year of the time any party has
requested settlement, a settlement has not been reached and if the parties to
the dispute have not agreed to submit it to the International Court of
Justice or to some other procedure for settling disputes, the dispute may, if
the parties to the dispute consent, be submitted to arbitration in accordance
with the Annex to this Convention. Any decision of an arbitral tribunal in a
dispute between Parties, or between Parties and the Organization, shall not
prevent or affect a decision of the Assembly pursuant to Article 30(1), that
the Convention shall cease to be in force for a Party.
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(2)
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Unless
otherwise mutually agreed, disputes arising between the Organization and one
or more Parties under agreements concluded between them, if not settled by
negotiation within one year of the time any party has requested settlement,
shall, at the request of any party to the dispute, be submitted to
arbitration in accordance with the Annex to this Convention.
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(3)
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Disputes
arising between one or more Parties and one or more Signatories in their
capacity as such, relating to rights and obligations under this Convention or
the Operating Agreement may be submitted to arbitration in accordance with
the Annex to this Convention if the Party or Parties and the Signatory or
Signatories involved agree to such arbitration.
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(4)
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This Article
shall continue to apply to a Party or Signatory which ceases to be a Party or
Signatory, in respect of disputes relating to rights and obligations arising
from its having been a Party or Signatory.
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