Common use of Disputes between the Parties Clause in Contracts

Disputes between the Parties. At the request of any party, any dispute between the parties arising out of the transaction provided for in this Agreement, and the exhibits to this Agreement, shall be submitted to final and binding arbitration in Fairfield, Connecticut, by a three (3) member panel, under the Commercial Arbitration Rules of the American Arbitration Association then in effect. The Association shall be requested to provide a panel of prospective arbitrators consisting of persons experienced in business law matters. Prior to appointment of the arbitrator, either party may commence judicial proceedings, in either the state or federal court having jurisdiction over the party against whom relief is sought, to obtain preliminary relief, including injunctive relief, for the purposes of: (i) enforcement of this arbitration provision; (ii) obtaining appointment of arbitrator(s); (iii) preserving the status quo; (iv) preventing the disbursement by any person of disputed funds; and (v) preserving and protecting the rights of either party pending the outcome of the arbitration. Any party may have judgment entered on the arbitration award. subparagraph 18.7, above, shall apply to any arbitration or court proceeding between the parties.

Appears in 2 contracts

Samples: Purchase Agreement (Competitive Technologies Inc), Purchase Agreement (Competitive Technologies Inc)

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Disputes between the Parties. At the request of any party, any dispute between the parties arising out of the transaction provided for in this Agreement, and the exhibits Exhibits to this Agreement, shall be submitted to final and binding arbitration in FairfieldSan Francisco, ConnecticutCalifornia, by a three (3) member panel, under the Commercial Arbitration Rules of the American Arbitration Association then in effect. The Association shall be requested to provide a panel of prospective arbitrators consisting of persons experienced in business law matters. Prior to appointment of the arbitrator, either party may commence judicial proceedings, in either the state or federal court having jurisdiction over the party against whom relief is sought, to obtain preliminary relief, including injunctive relief, for the purposes of: (i) enforcement of this arbitration provision; (ii) obtaining appointment of arbitrator(s); (iii) preserving the status quo; (iv) preventing the disbursement by any person of disputed funds; and (v) preserving and protecting the rights of either party pending the outcome of the arbitration. Any party may have judgment entered on the arbitration award. subparagraph 18.7Section 19.7, above, shall apply to any arbitration or court proceeding between the parties.

Appears in 2 contracts

Samples: Agreement (Competitive Technologies Inc), Agreement (Competitive Technologies Inc)

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Disputes between the Parties. At the request of any party, any dispute between the parties arising out of the transaction provided for in this Agreement, and the exhibits Exhibits to this Agreement, shall be submitted to final and binding arbitration in FairfieldMinneapolis, ConnecticutMinnesota, by a three (3) member panel, under the Commercial Arbitration Rules of the American Arbitration Association then in effect. The Association shall be requested to provide a panel of prospective arbitrators consisting of persons experienced in business law matters. Prior to appointment of the arbitrator, either party may commence judicial proceedings, in either the state or federal court having jurisdiction over the party against whom relief is sought, to obtain preliminary relief, including injunctive relief, for the purposes of: (i) enforcement of this arbitration provision; (ii) obtaining appointment of arbitrator(s); (iii) preserving the status quo; (iv) preventing the disbursement by any person of disputed funds; and (v) preserving and protecting the rights of either party pending the outcome of the arbitration. Any party may have judgment entered on the arbitration award. subparagraph 18.7Section 19.7, above, shall apply to any arbitration or court proceeding between the parties.

Appears in 1 contract

Samples: Intelefilm Corp

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