Initial Negotiations Clause Samples
The Initial Negotiations clause establishes the framework and procedures for the parties to engage in preliminary discussions before entering into a formal agreement. It typically outlines the scope of topics to be discussed, sets timelines for these negotiations, and may specify confidentiality obligations or the non-binding nature of the talks. This clause helps ensure that both parties have a clear understanding of the negotiation process, reducing misunderstandings and setting expectations before any binding commitments are made.
Initial Negotiations. Company and Executive agree to resolve all disputes arising out of their employment relationship by the following alternative dispute resolution process: (a) the Company and Executive agree to seek a fair and prompt negotiated resolution; but if this is not possible, (b) all disputes shall be resolved by binding arbitration; provided, however, that during this process, at the request of either Party, made not later than 60 days after the initial arbitration demand, the Parties agree to attempt to resolve any dispute by non-binding, third-party intervention, including either mediation or evaluation or both but without delaying the arbitration hearing date. BY ENTERING INTO THIS EMPLOYMENT AGREEMENT, BOTH PARTIES GIVE UP THEIR RIGHT TO HAVE THE DISPUTE DECIDED IN COURT BY A JUDGE OR JURY.
Initial Negotiations. Company and Employee agree to resolve all disputes arising out of their employment relationship by the following alternative dispute resolution process: (a) the Company and Employee agree to seek a fair and prompt negotiated resolution; but if this is not possible, (b) all disputes shall be resolved by binding arbitration; provided, however, that during this process, at the request of either Party, made not later than 60 days after the initial arbitration demand, the Parties agree to attempt to resolve any dispute by non-binding, third-party intervention, including either mediation or evaluation or both but without delaying the arbitration hearing date. BY ENTERING INTO THIS EMPLOYMENT AGREEMENT, BOTH PARTIES GIVE UP THEIR RIGHT TO HAVE THE DISPUTE DECIDED IN COURT BY A JUDGE OR JURY.
Initial Negotiations. The executive officers in charge of the Parties shall meet as often as shall reasonably be required to review the performance of the parties under this Agreement and to resolve any disputes. If these representatives are unable to resolve a dispute within **** calendar days after the initial request for a meeting, then the dispute shall be submitted to executive-level negotiations as described in Section 19.02;
Initial Negotiations. In the event that Orion chooses to launch a Successor Satellite to succeed Orion 3, subject to Section 10.4(b), DACOM shall have the option to acquire the right to use capacity on the Successor Satellite equivalent to the capacity acquired by DACOM on Orion 3 hereunder for a period of 13 years after the commencement date for such Successor Satellite, on terms and conditions substantially equivalent to those contained in this Agreement (except charges and payments, and except terms and conditions not applicable because of different or changed conditions). DACOM may exercise such option by notice to Orion given within ninety (90) days after Orion notifies DACOM of Orion's intention to launch a Successor Satellite. Such notice by Orion shall be given at least ____________________ days before Orion notifies the satellite manufacturer to proceed under its contract to manufacture the Successor Satellite but not earlier than __________ months prior to the end of the Term. DACOM and Orion agree to negotiate for a period of up to six (6) months in good faith with respect to the fees and charges to be paid by DACOM and the other terms and conditions relating to such agreement between them, taking into account the particular characteristics of the Successor Satellite and the transponders thereon, the costs to Orion of acquiring and operating the Successor Satellite, practices then common in the industry, and other relevant factors ("The Initial Negotiations"). Such Initial Negotiations shall be conducted on a mutually cooperative basis in consideration of the prior relationship of DACOM and Orion during the Term hereof. If Initial Negotiations are not successfully concluded with a binding agreement within such six (6) month period, neither Party shall have any further rights or obligations regarding Successor Satellites pursuant to this Section 2.4, except as set forth in Section 2.4 (b).
Initial Negotiations