Common use of Escalation Process Clause in Contracts

Escalation Process. Prior to implementing the arbitration process more particularly described in Article 13 of the Agreement, the parties agree to escalate any dispute first to a discussion between responsible managers, and if they cannot agree, then to the Supervisory Board. However the parties explicitly acknowledge that in the event of the need for an urgent decision the party with primary responsibility will proceed to make the decision, and implement. It is agreed that the party with primary responsibility will make all reasonable and timely efforts to inform the other party of the issue requiring decision, particularly where the issue is one of some consequence.

Escalation Process. Prior to implementing the arbitration process more particularly described in Article 13 of the Agreement, the parties Parties agree to escalate any dispute first to a discussion between responsible managers, and if they cannot agree, then to the Supervisory Board. However the parties Parties explicitly acknowledge that in the event of the need for an urgent decision the party Party with primary responsibility will proceed to make the decision, and implement. It is agreed that the party Party with primary responsibility will make all reasonable and timely efforts to inform the other party Party of the issue requiring decision, particularly where the issue is one of some consequence.