Consultation; Settlement Clause Samples
The 'Consultation; Settlement' clause establishes a process for parties to communicate and collaborate before resolving disputes or claims, particularly those that may lead to settlement. Typically, this clause requires the parties to consult with each other in good faith to attempt to reach a mutually agreeable solution before pursuing formal legal action or arbitration. For example, if a disagreement arises over contract performance, both sides must first meet or confer to discuss possible resolutions. The core function of this clause is to encourage early, amicable resolution of disputes, potentially saving time and costs associated with litigation or arbitration.
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Consultation; Settlement. The Parties may consult with one another on all material aspects of the defense of Third Party Actions. The Parties shall reasonably cooperate with each other in all such actions or proceedings. No Party shall admit the invalidity or unenforceability of any Patent Right Controlled by the other Party without the other Party’s prior written consent.
Consultation; Settlement. The Parties will reasonably consult and cooperate with each other in all such actions or proceedings. No Party will admit the invalidity or unenforceability of any Patent Right Controlled by the other Party without the other Party’s prior written consent.
Consultation; Settlement. If both Besins and Atossa elect to participate in the Action, the Parties shall consult with one another on all material aspects of the defense of Third Party Actions. Each Party shall have a reasonable opportunity for meaningful participation in decision-making and formulation of defense strategy. The Parties shall reasonably cooperate with each other in all such Third Party Actions or proceedings, including in the settlement or termination thereof.