Amicable consultation Sample Clauses
The Amicable Consultation clause establishes a process for the parties to attempt to resolve disputes or disagreements through direct negotiation before pursuing formal legal action or arbitration. Typically, this involves a specified period during which representatives from each side meet or communicate in good faith to try to reach a mutually acceptable solution. By requiring parties to consult and negotiate first, this clause aims to encourage resolution without litigation, saving time and costs while preserving business relationships.
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Amicable consultation. Any dispute arising from the construction or performance of this Agreement shall be resolved by amicable consultations between and among the Parties or via conciliation by a third party. Failing which, such dispute shall be submitted to the competent arbitral authority for determination within 30 days as of the commencement of relevant discussion as aforesaid.