In international law and diplomacy, a compromise (French for “special agreement”) is an agreement between two parties to submit a dispute to international arbitration for a binding solution.  A compromise is made after a dispute has already erupted, not before. (This runs counter to the provisions of existing treaties or protocols that were adopted before the conflict).  Compromise identifies a neutral third party – the arbitrator or the identity court – or indicates the nature of the appointment. Compromise often sets out specific issues or issues that need to be decided; Arbitration settlement The seat of the court Languages to be used in the procedure The applicable law and the payment of fees.  Under the seal of the contract; sealed instrument; Special Treaty A compromise, with a view to submitting a dispute to arbitration, may be submitted ad hoc by two or more States or may be established on the basis of a mutual declaration made under the Statute of the International Court of Justice.  Article 36, paragraph 2, of the ICJ statute states that “States parties to this status may at any time declare that they recognize the jurisdiction of the Court of Justice as mandatory ipso facto and without any special agreement in all disputes concerning the following terms, with respect to any other State that accepts the same obligation , the jurisdiction of the Court in all disputes involving: (a) the interpretation of a contract; b. any question of international law; c. the existence of a fact which, if proven, would constitute a violation of an international obligation; d.
the nature or extent of the remedy for breach of an international obligation.” Article 36, paragraph 3, states that “the above statements may be made unconditionally or on the condition of reciprocity of several states or states, or for a specified period of time.”  Contract (a binding agreement between two or more legally applicable persons) Contracts are governed mainly by legal and general law (judges) and by private law (i.e.dem private contract). Private law first includes the terms of the agreement between the parties exchanging promises. This private right can repeal many of the rules otherwise established by state law. Legal broadcasting laws, such as the Fraud Act, may require certain types of contracts to be executed in writing and with special formalities in order for the contract to be enforceable. Otherwise, the parties can enter into a binding agreement without signing an official written document.