Common use of DEMAND TO ARBITRATE Clause in Contracts

DEMAND TO ARBITRATE. If the Parties do not resolve any Dispute by ------------------- agreement any Party may give the other Parties written notice of its intention to arbitrate the Dispute and a demand for arbitration (a "Demand Notice"). If a Party gives a Demand Notice, such Dispute shall be determined and settled by arbitration conducted in accordance with this Arbitration Protocol. Such Demand Notice shall be given within a reasonable time after the Dispute has arisen; provided, however, that in no event shall such Demand Notice be given after the -------- ------- date upon which any legal or equitable proceeding with respect thereto would be barred by any applicable statute of limitations.