Common use of Arbitration; Legal Proceedings Clause in Contracts

Arbitration; Legal Proceedings. (a) The parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement, the breach, termination or validity hereof or the transactions contemplated herein promptly by negotiation between a representative of Buyer and Seller. Either Seller or Buyer may give the other written notice that a dispute exists (a “Notice of Dispute”). The Notice of Dispute shall include a statement of such party's position and the name and title of the representative who will represent such party. Within ten (10) days of the delivery of the Notice of Dispute, a representative from each party hereto shall meet at a mutually acceptable time and place, and thereafter as long as they reasonably deem necessary, to attempt to resolve the dispute. All documents and other information or data on which each party relies concerning the dispute shall be furnished or made available on reasonable terms to the other party at or before the first meeting of the parties as provided by this paragraph.

Appears in 3 contracts

Samples: Asset Purchase Agreement (INX Inc), Asset Purchase Agreement (INX Inc), Asset Purchase Agreement (INX Inc)

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Arbitration; Legal Proceedings. (a) 1. The parties shall attempt in good faith to resolve any dispute arising out of or relating in any manner to this Agreement, Agreement or the breach, termination or validity hereof or the transactions contemplated herein thereof promptly by negotiation between a representative among representatives of Buyer and Sellerthe parties to the dispute, each of whom has authority to settle the controversy. Either Seller or Buyer Any party may give the other others written notice that a dispute exists (a "Notice of Dispute"). The Notice of Dispute shall include a statement of such party's position and the name and title of the representative who will represent such party. Within ten (10) days of the delivery of the Notice of Dispute, a representative from each party hereto the parties' respective representatives shall meet at a mutually acceptable time and place, and thereafter as long as they reasonably deem necessary, to attempt to resolve the dispute. All documents and other information or data on which each party relies concerning the dispute shall be furnished or made available on reasonable terms to the other party at or before the first meeting of the parties as provided by this paragraph.

Appears in 1 contract

Samples: Shareholders Agreement (Venturian Corp)

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Arbitration; Legal Proceedings. (a) The parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement, the breach, termination or validity hereof or the transactions contemplated herein promptly by negotiation between a representative of Buyer and Seller. Either Seller or Buyer may give the other written notice that a dispute exists (a “Notice of Dispute”). The Notice of Dispute shall include a statement of such party's ’s position and the name and title of the representative who will represent such party. Within ten (10) days of the delivery of the Notice of Dispute, a representative from each party hereto shall meet at a mutually acceptable time and place, and thereafter as long as they reasonably deem necessary, to attempt to resolve the dispute. All documents and other information or data on which each party relies concerning the dispute shall be furnished or made available on reasonable terms to the other party at or before the first meeting of the parties as provided by this paragraph.

Appears in 1 contract

Samples: Asset Purchase Agreement (INX Inc)

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