Common use of Elevation and Dispute Resolution Clause in Contracts

Elevation and Dispute Resolution. Each Party’s representatives on the JSC will collectively have one vote on all matters that are within the responsibility of such committee. The members of the JSC will use reasonable efforts to reach consensus on all decisions. In the event that the members of the JSC are unable to agree on a particular issue within ten Business Days after the JSC first meets to consider the issue, the issue will be resolved as follows:

Appears in 4 contracts

Samples: License Agreement (Ironwood Pharmaceuticals Inc), License Agreement, License Agreement (Ironwood Pharmaceuticals Inc)

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