Management Negotiation Sample Clauses
The Management Negotiation clause establishes a process for resolving disputes or disagreements between parties by requiring that their respective management teams first attempt to negotiate a solution before pursuing formal legal remedies. Typically, this involves designated representatives from each party meeting within a specified timeframe to discuss the issue in good faith and seek a mutually acceptable resolution. By mandating this preliminary step, the clause aims to facilitate amicable settlements, reduce litigation costs, and preserve business relationships by encouraging direct communication and problem-solving.
Management Negotiation. SalesLogix and Symantec shall attempt to resolve disputes between SalesLogix and Symantec arising out of or in connection with this Agreement and/or the Ancillary Agreements through good faith negotiations as provided herein. The parties agree that disputes shall be fully discussed by the functional representatives of SalesLogix and Symantec involved in the dispute in an attempt to achieve a prompt resolution of such dispute. In the event that such dispute shall not be promptly resolved by the mutual agreement of the functional representatives of SalesLogix and Symantec, the dispute shall be submitted to the Chief Financial Officers of each of SalesLogix and Symantec. Such officers shall meet and fully discuss such dispute in an attempt to achieve a prompt resolution of the dispute. If such dispute is not promptly resolved by the mutual agreement of the Chief Financial Officers of the parties, each of SalesLogix and Symantec shall be free to exercise any of the remedies available to it (i) pursuant to the terms of this Agreement or (ii) otherwise at law or in equity, subject to the terms of this Agreement.
Management Negotiation. If any Dispute is not resolved pursuant to paragraph 17.2 of this Agreement, each party shall designate one or more executives(the "Executives") to act on behalf of such party to negotiate to solve the matter. At the earliest practical time, and in any event, no later than thirty(30) days after the conclusion of the process set forth in Paragraph 17.2 of this Agreement, the Executives of both parties shall meet in a mutually agreeable location to discuss the Dispute. The Executives shall negotiate in good faith to resolve the Dispute, and any resolution shall be set forth in writing and signed by both parties. Such a resolution shall be final and binding on the parties.
Management Negotiation. (a) Purchaser and Seller shall attempt to resolve disputes between the Purchaser and the Seller arising out of or in connection with this Agreement through good faith negotiations as provided herein. The parties agree that disputes shall be fully discussed by the functional representatives of Purchaser and the Seller involved in the dispute in an attempt to achieve a prompt resolution of such dispute. In the event that such dispute shall not be promptly resolved by the mutual agreement of the functional representatives of Purchaser and Seller, the dispute shall be submitted to senior management representatives of each of Purchaser and Seller. Such senior management representatives of Purchaser and Seller shall meet and fully discuss such dispute in an attempt to achieve a prompt resolution of the dispute. If such dispute is not promptly resolved by the mutual agreement of such senior management representatives of Purchaser and Seller, each of Purchaser and Seller shall be free to exercise any of the remedies available to it (i) pursuant to the terms of this Agreement or (ii) otherwise at law or in equity.
(b) Purchaser and Seller acknowledge that, from time to time, certain material disputes arising out of or in connection with this Agreement may objectively require immediate resolution. Accordingly, any such dispute may, at the option of either the Purchaser or the Seller, be processed through an abbreviated mediation process. Such abbreviated mediation process shall entail submitting any such dispute to the senior management representatives of each of the Purchaser and Seller designated by each of the Purchaser and the Seller for a prompt and expeditious resolution. In the event that a prompt and expeditious resolution of such dispute is not achieved through the mutual agreement of such senior management representatives of the Purchaser and the Seller, each of Purchaser and Seller shall be free to exercise any of the remedies available to it (i) pursuant to the terms of this Agreement or (ii) otherwise at law or in equity.
(c) Each of Purchaser and Seller agrees to act reasonably and in good faith in connection with all matters arising out of or in connection with this Agreement that are submitted to the mediation process set forth in this Article XI.
Management Negotiation. (a) Chaparral and Adaptec shall attempt to resolve disputes between Chaparral and Adaptec arising out of or in connection with this Agreement through good faith negotiations as provided herein. The parties agree that disputes shall be fully discussed by representatives of Chaparral and Adaptec involved in the dispute in an attempt to achieve a prompt resolution of such
(b) Chaparral and Adaptec acknowledge that, from time to time, certain material disputes arising out of or in connection with this Agreement may objectively require immediate resolution. Accordingly, any such dispute may, at the option of either Chaparral or Adaptec, be processed through an abbreviated mediation process. Such abbreviated mediation process shall entail submitting any such dispute to the senior management representatives of each of Chaparral and Adaptec designated by each of Chaparral and Adaptec for a prompt and expeditious resolution. In the event that a prompt and expeditious resolution of such dispute is not achieved through the mutual agreement of such senior management representatives of Chaparral and Adaptec, Chaparral and Adaptec shall be free to exercise any of the remedies available to it (i) pursuant to the terms of this Agreement or (ii) otherwise at law or in equity.
(c) Chaparral and Adaptec agree to act reasonably and in good faith in connection with all matters arising out of or in connection with this Agreement that are submitted to the mediation process set forth in this Article X.
Management Negotiation. If any Dispute is not resolved pursuant to Paragraph 8.7.2 of this Agreement, each Party shall designate one or more executives (the "Executives") to act on behalf of such Party to negotiate to solve the matter. At the earliest practical time, and in any event, no later than thirty (30) days after the conclusion of the process set forth in Paragraph 8.7.2 of this Agreement, the Executives of both Parties shall endeavor to meet in a mutually agreeable location to discuss the Dispute. The Executives shall endeavor to negotiate in good faith to resolve the Dispute, and any resolution shall be set forth in writing and signed by both Parties. Such a resolution shall be final and binding on the Parties. No party shall resort to any other means of resolution for at least ten (10) additional days after the thirty (30) day period set forth above for the Executives to meet.