Common use of Conciliation Period Clause in Contracts

Conciliation Period. No party shall send a Notice of Arbitration in connection with a dispute under this Article 10 unless at least thirty (30) days prior to the date of such Notice of Arbitration, such party shall have furnished to the other parties written notice of its intent to send a Notice of Arbitration in connection with a dispute. During such thirty (30) day period the Mediation Committee shall attempt in good faith to settle the dispute in accordance with the provisions of Section 10.1 herein.

Appears in 2 contracts

Sources: Supply and License Agreement (Watson Pharmaceuticals Inc), Supply and License Agreement (Watson Pharmaceuticals Inc)