T: That is good; we finally reached an agreement about all the things. Shall we sign the contract now?

汤姆：太好了，我们终于将所有的事情都达成了一致。现在签合同好吗？

Y: That is also exactly what I am going to say. Oh, one last thing, should we add an arbitration clause in the contract?

于：这也是我正要说的。哦，还有最后一件事情，我们要不要在合同里加上仲裁条款呢？

T: We cooperate with other countries on the basis of equality and mutual benefit, and enjoy a good reputation in the international market. And we are long- cooperated friends. I think there is no need to add an arbitration clause in the contract. In case of a dispute, I wish we'd better solve them through amicable consultative way.

汤姆：我们都是在平等互利的基础上与别国合作的，在世界市场上享有良好声誉。并且我们已经是长期合作的老朋友了。我觉得没必要在合同中加上仲裁条款。万一发生争执，我希望我们最好通过友好协商的方式加以解决。

Y: What you said seems reasonable. It is to our mutual benefit to settle disputes through consultation. But also considering our good friendship, I think adding arbitration clause won't have any drawbacks. When no settlements can be reached, the fair arbitration awards can contribute our cooperation in the future.

于：你说得似乎有道理。能通过协商解决对我们双方都是有好处的。但是也正是考虑到我们良好的友谊，我觉得加上仲裁不会有坏处的。当我们不能协商解决时，仲裁公正的解决有助于我们以后的继续合作。

T: That's OK. In case of dispute, we firstly settle it through consultation. If the negotiation fails, we will submit it to the arbitration court.

汤姆：那好吧。发生争执时，我们首先通 过协商解决，如果协商失败，我们 将提交仲裁法庭解决。

Y: I think just exactly the same way. Arbitration is the last resort when there is no alternative. Where shall we set the arbitration body?

于：我正是这样想的。仲裁是无奈情况下的最后选择。仲裁的地点设在哪里呢？

T: We don't need to decide now. When the dispute arises, we can nominate a temporary arbitration body.

汤姆：我们没必要现在就决定吧。当发生争执时，我们可以临时指定一个裁定机构。

Y: OK. That is it.

于：好的。我们就这样决定吧。

T: We haven't had any arbitration yet, and I hope we never have the chance to implement it in the future.

汤姆：我们以前还没有仲裁过，我希望以后我们永远也没有机会实施。

Y: Neither do I.

于：我也不希望。