Common use of Mandatory Mediation/Arbitration Clause in Contracts

Mandatory Mediation/Arbitration. Given the economies of time and money as well as enhanced prospects of swiftly restoring amicable business relations, in the event of a breach, default, and/or dispute between the Parties in connection with, arising out of, or related to this Agreement and any aspect of relations between the Parties including without limitation whether an issue is arbitrable, each Party agrees exclusively to the following terms and conditions for dispute resolution and claims for relief including injunctive or other equitable relief. The Parties agree to take the following actions in the following order:

Mandatory Mediation/Arbitration. Given the economies of time and money as well as enhanced prospects of swiftly restoring amicable business relations, in the event of a breach, default, and/or dispute between the Parties in connection with, arising out of, or related to this Agreement and any aspect of relations between the Parties including without limitation whether an issue is arbitrable, each Party agrees exclusively to the following terms and conditions for dispute resolution and claims for relief including injunctive or other equitable relief. The Parties agree to take the following actions in the following order:: (a)