Claim Initiation/Time Limits Sample Clauses
The Claim Initiation/Time Limits clause establishes the specific timeframe within which a party must notify the other party of a claim or dispute arising under the agreement. Typically, this clause requires that any claims be made within a set period—such as 30 or 90 days—after the event giving rise to the claim occurs. By setting clear deadlines for initiating claims, the clause ensures that issues are addressed promptly and prevents parties from bringing up old or stale disputes, thereby providing certainty and finality to the contractual relationship.
Claim Initiation/Time Limits. A party must notify the other party in writing at the addresses indicated below of a request to arbitrate a dispute within the same statute of limitations applicable to the legal claim asserted. The written request for arbitration must specify: (i) the factual basis on which the claim is made; (ii) the statutory provision or legal theory under which the claim is made; and (iii) the nature and extent of any relief or remedy sought.
Claim Initiation/Time Limits. A Party must notify the other Parties in writing of a request to arbitrate Claims within the same statute of limitations applicable to the legal claim asserted. The written request for arbitration must specify: (i) the factual basis on which the Claims are made; (ii) the statutory provision or legal theory under which Claims are made; and (iii) the nature and extent of any relief or remedy sought. No arbitration claim as to any Qualified Plans will be initiated until after Executive has complied with any applicable claims process provided in the applicable plan.