Common use of Amicable Solution Clause in Contracts

Amicable Solution. In the event any and all controversies, disputes or questions of any nature arises out of or in connects with this Agreement including its existence, validity, enforceability, performance, interpretation, compliance, breach, termination or otherwise, arise between the Parties, as well as its successors at any title (“Dispute”), the Parties will endeavor its best efforts to resolve any dispute in an amicable way, by negotiations, in good faith, within a period of thirty (30) days counted from the date a written notice sent from one Party is received by the other. In case the Parties fail to reach an agreement within the deadline prescribed above the Dispute shall be resolved by arbitration under the terms of this Section 29.