Efforts to Settle Disputes Sample Clauses
The "Efforts to Settle Disputes" clause requires the parties to attempt to resolve disagreements through negotiation or other amicable means before pursuing formal legal action. Typically, this involves a process where both sides communicate directly or through representatives, and may include steps such as mediation or a specified period for discussion. The core function of this clause is to encourage resolution without litigation, saving time and costs while preserving business relationships.
Efforts to Settle Disputes. (a) The Parties shall attempt in good faith to resolve any Dispute promptly by negotiation. However, at any time a Party may give the other Party written notice (the “Initial Notice”) of any Dispute not so resolved. Within fifteen (15) days after delivery of an Initial Notice, the recipient Party shall deliver to the other a written response. Both the Initial Notice and the response must include a statement of that Party’s position, a summary of arguments supporting that position, and the name and contact particulars of the Person who will represent that Party and of any other Person who will accompany the representative. Within thirty (30) days after delivery of the Initial Notice, the representatives of the Parties shall meet at mutually acceptable times and places, as often as they reasonably deem necessary, to attempt to resolve the Dispute.
(b) All negotiations pursuant to this Section 8.5 are confidential and are to be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.
Efforts to Settle Disputes. (a) The Parties shall attempt in good faith to resolve any Dispute promptly by negotiation. However, at any time a Party may give the other Party written notice (the “Initial Notice”) of any Dispute not so resolved. Within 15 days after delivery of an Initial Notice, the recipient Party shall deliver to the other a written response. Both the Initial Notice and the response must include a statement of that Party’s position, a summary of arguments supporting that position, and the name and contact particulars of the Person who will represent that Party and of any other Person who will accompany the representative. Within 30 days after delivery of the Initial Notice, the representatives of the Parties shall meet at mutually acceptable times and places, as often as they reasonably deem necessary, to attempt to resolve the Dispute. If, within 60 days after delivery of the Initial Notice, the Dispute has not been resolved, then upon expiration of such 60-day period, unless the Parties mutually agree to extend such 60-day period, any Party may commence proceedings with respect to the matter in a court of competent jurisdiction pursuant to Section 1.11.
(b) All negotiations pursuant to this Section 9.5 are confidential and are to be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.