Final answer:
In an arbitration clause of an international contract, standard provisions typically include a choice of law for the applicable legal framework and a venue for arbitration proceedings. Mediation may also be mentioned as a preliminary step before arbitration.
Step-by-step explanation:
An arbitration clause in international contracts often includes certain standard provisions to ensure that disputes are effectively managed. Typically, such a clause will contain a choice of law, which determines the applicable legal framework for interpreting the contract and resolving disputes.
It also usually specifies the venue, which sets the location where the arbitration proceedings will take place. While an arbitrator's name is not commonly specified at the time of contract signing, the method for selecting an arbitrator or arbitration panel will be outlined. Finally, arbitration clauses often mention whether any form of mediation is required before the dispute can be escalated to arbitration.