Common use of DISPUTERESOLUTION Clause in Contracts

DISPUTERESOLUTION. Alldisputesordifferencesbetweenthepartiesarisingoutofconnectionwith this agreement shall be first tried to be settled through mutual negotiation. Partiesheretoagreetoattempttoresolvealldisputesarisinghereunder promptly, equitably and in good faith. Eachpartyshalldesignatedinwritingandcommunicatetotheotherpartyitsown representative who shallbeauthorizedto resolveanydisputearisingunder this agreement in an equitable manner and unless otherwise expressly provided herein, to exercise the authority of the parties hereto make decision by mutual agreement. Intheeventthatsuchdifferencesordisputesbetweenthepartiesarenotsettled through mutualnegotiationswithin sixty(60)daysaftersuchdisputearisesthen it shall be adjudicated by appropriate commission in accordance with law.

Appears in 2 contracts

Sources: Provisional Solar Wheeling Agreement for Third Party Sale, Provisional Solar Wheeling Agreement for Third Party Sale