Preferred Arbitration Clause
"Any dispute, controversy, or claim arising out of or relating to this Agreement, or the breach, termination, or invalidity thereof, shall be settled by arbitration in accordance with the rules of the [specified arbitration institution]. The place of arbitration shall be [specified location], and the language to be used in the arbitral proceedings shall be [specified language]. The award rendered by the arbitrator(s) shall be final and binding on the parties."