Failure to Mutually Resolve Dispute Sample Clauses
The 'Failure to Mutually Resolve Dispute' clause defines the procedures that apply when parties are unable to settle a disagreement through negotiation or informal means. Typically, this clause outlines the next steps, such as mediation, arbitration, or litigation, that must be followed if mutual resolution efforts fail. Its core function is to provide a clear, predetermined pathway for dispute resolution, ensuring that unresolved conflicts do not stall the contractual relationship and that both parties understand their options and obligations in the event of a deadlock.
Failure to Mutually Resolve Dispute. If both Parties cannot agree upon a resolution after following the processes described in this Agreement for Disputes or Default, both Parties retain the right to bring a lawsuit or seek any other legal or equitable remedy either Party may have.