Amicable Agreement Sample Clauses
The Amicable Agreement clause establishes a process for the parties to resolve disputes through negotiation before pursuing formal legal action. Typically, this clause requires the parties to first attempt to settle disagreements by engaging in good faith discussions, often within a specified timeframe and possibly involving designated representatives. Its core practical function is to encourage efficient, cost-effective resolution of conflicts and to preserve business relationships by avoiding immediate escalation to litigation or arbitration.
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Amicable Agreement. Employee and the Company agree that the current relationship between Employee and the Company should be amicably terminated and that the terms and conditions of the separation which are specified in this agreement are fair and equitable, that the Company has appreciated and appreciates the skill, ability, dedication and integrity of Employee, that Employee has appreciated and appreciates the skill, ability, dedication and integrity of the Company as a whole and of his subordinates, superiors and peers within the Company, and that the decision to change Employee's employment relationship is without rancor on either side. Employee shall not make any derogatory comment concerning the Company or Company Affiliates or any of their current or former officers, directors or employees, which results, or is reasonably expected to result, in any material adverse effect on the business or reputation of any such entity or person. The Company and Affiliates shall not make any derogatory comment concerning Employee which results, or is reasonably expected to result, in any material adverse effect on the business or reputation of Employee.
Amicable Agreement. Should there be any disagreement, dissension, complaint or dispute (a “Dispute”) between the Parties regarding the validity of, compliance with, performance or termination of the Protocol, the Parties shall, before resorting to the courts and tribunals, attempt to resolve it amicably in accordance with the following procedure:
(a) Either of the Parties may provide formal notice to the other of the issues to which the Dispute relates (the “Dispute Notice”).
(b) The Parties shall have a duty to negotiate in good faith for a period of 15 business days from receipt of the Dispute Notice, to attempt to reach a mutually acceptable agreement. To this end, each of the Parties shall have a duty to draw up and submit to the other, within the 10 business days of receipt of the Dispute Notice, a report which (i) identifies the Dispute, (ii) explains its position with regard thereto, and (iii) includes one or more proposals for its resolution.
(c) The Parties shall make their best efforts to reach agreement on (i) the substance of the Dispute and, as the case may be, (ii) on the procedure for its extrajudicial resolution.
Amicable Agreement. If a Notice of Disagreement is sent in a timely manner to Buyer or Seller in Charge (as the case may be), the Parties shall make their best efforts to, within fifteen (15) days from receipt of the Notice of Disagreement in question, negotiate in good faith and seek consensus regarding the divergences relating to the calculation of the value set out in the respective Notice of Disagreement ("Amicable Agreement "). Seller in Charge will negotiate directly with Buyer on behalf of the other Sellers, who agree and authorize the Seller in Charge to enter into an Amicable Agreement with Buyer which shall be definitive, binding and conclusive for all purposes set forth in this Agreement.
Amicable Agreement. If an amicable settlement is reached, or the complaint is withdrawn or the Defendant has resolved the complaint to the satisfaction of the Complainant, the review of the complaint will be terminated by the Committee. The Complainant, the Defendant, and the Rectorate shall be notified of this in writing.