Common use of Attempt to Resolve Clause in Contracts

Attempt to Resolve. The Parties agree to take all reasonable efforts to resolve in an amicable manner any dispute between them concerning diligence obligations and/or questions of material breach and default in connection with this Agreement. Any dispute between the Parties that cannot be resolved by the representatives of Versicor and P&U on the JRC will be presented to the Chief Executive Officer of Versicor and the Executive Vice President and President of Research and Development of P&U, and such executives shall attempt in good faith to resolve such dispute promptly. If such executives have not resolved the dispute within sixty (60) days, either Party may seek to have the issue resolved as otherwise provided herein.