MUTUALLY ACCEPTABLE SOLUTION Clause Samples
The "Mutually Acceptable Solution" clause establishes that any resolution to a dispute or issue arising under the agreement must be agreed upon by all involved parties. In practice, this means that neither party can unilaterally impose a solution; instead, both must negotiate and consent to the terms of any settlement or adjustment. This clause ensures that outcomes are fair and balanced, fostering cooperation and preventing one-sided decisions, thereby promoting equitable problem-solving and reducing the risk of future conflicts.
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MUTUALLY ACCEPTABLE SOLUTION. In the event a particular Project or Study falls behind schedule, PPD shall propose, and the parties shall endeavor to agree upon, a mutually acceptable solution to bring the Project or Study back onto schedule or to take whatever other action is required to remedy the problem. Sponsor will not be responsible for reimbursing PPD for any costs or expenses incurred in accordance with this Article 4 unless such delay is a product of Force Majeure or Sponsor delay. For the avoidance of doubt, nothing in this Article 4 is intended to limit or prevent Sponsor from exercising its rights under Section 4.1 (Performance Metrics) or Article 6 (Term and Termination of Agreement) hereof.