Costs Shared Sample Clauses
The "Costs Shared" clause establishes that certain expenses related to a project or agreement will be divided among the involved parties. Typically, this clause outlines which costs are subject to sharing—such as materials, labor, or administrative fees—and specifies the method or proportion for dividing these costs, whether equally or based on usage or benefit. By clearly defining how expenses are allocated, the clause helps prevent disputes and ensures fairness in the financial responsibilities of each party.
Costs Shared. The Parties will share equally the costs of arbitration, including any per diem expenses, plus any actual and necessary travel and subsistence expenses. A party who unilaterally cancels or withdraws from a scheduled arbitration will pay the full cost of any fees assessed by the arbitrator.
Costs Shared. The parties will share equally the costs of mediation, including any per diem expenses, plus any actual and necessary travel and subsistence expenses. A party who unilaterally cancels or withdraws from a scheduled mediation will pay the full cost of any fees assessed by the mediator.
Costs Shared. Any reasonable costs incurred by any coordinator who acts as mediator shall be paid equally by the Boards in dispute. PART VI - EFFECT OF AGREEMENT