Energy Company, a U.S. firm, and Fresh Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be

Question

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The arbitration clause can specify any third party as the arbitrator, as long as both parties agree to it. The clause does not have to specify a particular organization like the American Arbitration Association, the Dutch Arbitration Organization, or the International Chamber of Commerce.