Common use of Amicable Resolution Clause in Contracts

Amicable Resolution. The Parties shall attempt to settle any controversy between them amicably. To this end, a senior executive from each Party shall consult and negotiate to reach a solution. The Parties agree that the period of amicable resolution shall toll any otherwise applicable statute of limitations. However, nothing in this clause shall preclude any Party from commencing mediation if said negotiations do not result in a signed written settlement agreement within thirty (30) days after written notice that these amicable resolution negotiations have commenced.

Amicable Resolution. The Parties shall attempt to settle any controversy between them amicably. To this end, a senior executive from each Party shall consult and negotiate to reach a solution. The Parties agree that the period of amicable resolution shall toll any otherwise applicable statute of limitations. However, nothing in this clause shall preclude any Party from commencing mediation if said negotiations do not result in a signed written settlement agreement within thirty (30) [...***...] days after written notice that these amicable resolution negotiations have commenced.

Amicable Resolution. The Parties parties shall attempt to settle any controversy between them amicably. To this end, a senior executive from each Party party shall consult and negotiate to reach a solution. The Parties parties agree that the period of amicable resolution shall toll be independent of any otherwise applicable statute of statutory or legal limitations. However, nothing in this clause shall preclude any Party party from commencing mediation if said negotiations do not result in a signed written settlement agreement within thirty (30) days after written notice that these amicable resolution negotiations have commenced.