Common use of Mediation Session Clause in Contracts

Mediation Session. Within 30 days after the mediator has been selected, both parties and their respective attorneys shall meet with the mediator for one mediation session of at least four hours. The executive of Buyer and Sellers' Agent shall each have authority to settle the Claim. Efforts to reach a settlement will continue until the conclusion of the proceeding, which is deemed to occur when: (1) a written settlement is reached, (2) the mediator concludes and informs the parties in writing that further efforts would not be useful or (3) the parties agree in writing that an impasse has been reached. Neither party may withdraw before the conclusion of the proceeding, provided, if a party breaches this duty, such party shall pay all of the costs and expenses of the mediator. Except as provided in the immediately preceding sentence, each party shall pay its or his costs and expenses of the mediation, including attorneys' fees, and the costs and expenses of the mediator shall be shared equally by the parties.

Mediation Session. Within 30 days after the mediator has been selected, both parties and their respective attorneys shall meet with the mediator for one mediation session of at least four hours. The executive of Buyer and Sellers' Agent shall each have authority to settle the Claim. Efforts to reach a settlement will continue until the conclusion of the proceeding, which is deemed to occur when: (1a) a written settlement is reached, or (2b) the mediator concludes and informs the parties in writing that further efforts would not be useful useful, or (3c) the parties agree in writing that an impasse has been reached. Neither party may withdraw before the conclusion of the proceeding, provided, that if a party breaches this duty, such party shall pay all of the costs and expenses of the mediator. Except as provided in the immediately preceding sentence, each party shall pay its or his Executive’s costs and expenses of the mediation, including attorneys' ’ fees, and the costs and expenses of the mediator shall be shared equally by the parties.

Mediation Session. Within 30 days after the mediator has been selected, both parties and their respective attorneys shall meet with the mediator for one mediation session of at least four hours. The executive Executive of Buyer and Sellers' Agent ’ representative shall each have authority to settle the Claim. Efforts to reach a settlement will continue until the conclusion of the proceeding, which is deemed to occur when: (1) a written settlement is reached, or (2) the mediator concludes and informs the parties in writing that further efforts would not be useful useful, or (3) the parties agree in writing that an impasse has been reached. Neither party may withdraw before the conclusion of the proceeding, provided, if a party breaches this duty, such party shall pay all of the costs and expenses of the mediator. Except as provided in the immediately preceding sentenceparagraph, each party shall pay its or his costs and expenses of the mediation, including attorneys' ’ fees, and the costs and expenses of the mediator shall be shared equally by the parties.