Common use of Amicable Solution Clause in Contracts

Amicable Solution. The Parties agree that, before starting an arbitration to resolve any Dispute, they shall attempt to negotiate an amicable settlement agreement for said Dispute, within a period not exceeding twenty (20) Business Days counted as from the receipt by a Party of notice on the existence of the Dispute, sent by the other Party.

Appears in 2 contracts

Sources: Business Partnership Agreement (Banco Santander (Brasil) S.A.), Business Partnership Agreement (Getnet Adquirencia E Servicos Para Meios De Pagamento S.A.)