Common use of Alternative Streamlined Procedures Clause in Contracts

Alternative Streamlined Procedures. 16.1 The purpose of the streamlined Procedures in this article is to provide a fair, fast and efficient alternative process for resolving disputes in which the Parties agree that streamlined Procedures are appropriate. Parties are encouraged to discuss the use of these Procedures prior to communicating a demand for arbitration. By agreement, the Parties may want to expand these Procedures to accommodate the unique needs of their particular dispute.

Appears in 2 contracts

Sources: Excess of Loss Reinsurance Agreement (Cii Financial Inc), Reinsurance Agreement (Cii Financial Inc)