Determination costs Sample Clauses
The 'Determination costs' clause defines how expenses related to resolving disputes or making formal decisions under a contract are handled. Typically, this clause specifies which party is responsible for paying costs such as expert fees, arbitration expenses, or other costs incurred during the determination process. For example, it may state that each party bears its own costs, or that the losing party pays all costs. The core function of this clause is to allocate financial responsibility for determination proceedings, thereby reducing uncertainty and potential disputes over who pays for these processes.
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Determination costs. (a) The expert may determine that any dispute party must pay the whole or a specified portion of the costs and expenses of the other dispute party in relation to the expert’s determination.
(b) Unless clause 16.10(a)) applies, each dispute party will bear its own costs and expenses in relation to the expert’s determination.
Determination costs. (a) If the expert determines that the notifying party has given notice of a vexatious or frivolous dispute, the expert may determine that the notifying party must pay the whole or a specified portion of the costs and expenses of the other dispute party/ies in relation to the expert’s determination.
(b) Subject to clause 8.9(a), the costs and expenses of the dispute parties in relation to the expert’s determination (or any remaining portion of these fees, expenses and costs) will be paid out of the Fund.