answer: #Person1# and #Person2# are adding an arbitration clause in the contract before they sign it and #Person2# suggests the arbitration be held in a third country.
documents: #Person1#: I think we have everything in the contract. Shall we sign it?
  #Person2#: Wait a minute. I think we have missed an important point. We should include an arbitration clause in the contract.
  #Person1#: I believe we can solve disputes through an amicable negotiation.
  #Person2#: I hope so. too. But I still think the provision of arbitration is of great importance to both of us.
  #Person1#: All right. I agree with you. But where do we hold arbitration?
  #Person2#: I suggest the arbitration be held in a third country.
  #Person1#: It sounds reasonable. The clause should be like this - any disputes arising from the execution of this contract shall be settled in a friendly way. If no settlement can be reached through consul - nation and conciliation, the disputes shall be submitted for arbitration by a mutually nominated arbitrator. The arbitrator's decision on the dispute is final and binding on the both parties.
  #Person2#: Ok.