Common use of Expert Clause in Contracts

Expert. 37.3 If any Dispute arises between the Parties with respect to relevant technical matters, such Dispute may, at the election of any such Party, be referred to an independent expert “the Expert” for evaluation. Such Expert shall be agreed upon by the Parties to the Dispute and shall be willing to undertake such evaluation, and shall be independent, shall not be originated from, or have been at any time a citizen of, the country in which any of the Parties to the Dispute is organized, and shall have no interest or relation with any such Party or with any of the entities constituting the Parties and shall be qualified by education, experience and training to evaluate the matter in Dispute. The Expert shall render its decision within one (1) month following the Expert's formal acceptance of its appointment, or within such further time as the Parties may agree in writing. The Expert shall act as an expert and not as an arbitrator. The related costs and expenditure for referring issues for Expert evaluation shall be shared equally by the Parties in Dispute.

Expert. 37.3 If any Dispute arises between the Parties with respect to relevant technical matters, such Dispute may, at the election of any such either Party, be referred to an independent expert “the ("Expert” ") for evaluationdetermination. Such Expert shall be agreed upon by the Parties to the Dispute and shall be willing to undertake such evaluation, and shall be independent, shall not be originated from, or have been at any time a citizen of, the country in which any of the Parties to the Dispute is organizedincorporated, and shall have no interest in or relation with any such to either Party or with any of the entities constituting the Parties and shall be qualified by education, experience and training to evaluate the matter in Dispute. The Expert shall render its decision within one (1) month Month following the Expert's formal acceptance of its appointment, or within such further time as the Parties may agree in writing. The Expert shall act as an expert and not as an arbitrator. The related costs and expenditure for referring issues for of the Expert evaluation determination shall be shared equally by the Parties in Dispute.

Expert. 37.3 If any Dispute arises between the Parties with respect to relevant technical matters, such Dispute may, at the election of any such either Party, be referred to an independent expert “the ("Expert” ") for evaluationdetermination. Such Expert shall be agreed upon by the Parties to the Dispute and shall be willing to undertake such evaluation, and shall be independent, shall not be originated from, or have been at any time a citizen of, the country in which any of the Parties to the Dispute is organized, and shall have no interest in or relation with any such to either Party or with any of the entities constituting the Parties and shall be qualified by education, experience and training to evaluate the matter in Dispute. The Expert shall render its decision within one (1) month Month following the Expert's formal acceptance of its appointment, or within such further time as the Parties may agree in writing. The Expert shall act as an expert and not as an arbitrator. The related costs and expenditure for referring issues for of the Expert evaluation determination shall be shared equally by the Parties in Dispute.