Common use of Mutually Satisfactory Resolution Clause in Contracts

Mutually Satisfactory Resolution. 1. The Parties agree that the prompt resolution of disputes is for the benefit of all Parties. 2. Wherever possible, a dispute shall be resolved by removing, amending or not implementing the measure that is or would be inconsistent with this Agreement. 3. Where the Disputing Parties resolve the dispute at any stage of a Proceeding, written notice of such resolution shall be delivered to the Secretariat. Upon receipt of such notification by the Secretariat, the Proceeding shall be terminated. 4. Proceedings may be suspended at the request of the Disputing Parties in order to negotiate a mutually satisfactory resolution. 5. Where a Proceeding has been suspended pursuant to Article 12.9(4), if no Disputing Party has made an application to end the suspension within thirty-six (36) months of the date of suspension, the complaint that initiated the Proceeding is deemed to have been withdrawn and the Proceeding shall be terminated.