Nature of Dispute Sample Clauses
The "Nature of Dispute" clause defines the types of disagreements or conflicts that are covered under a contract's dispute resolution procedures. It typically clarifies whether the clause applies to contractual breaches, interpretation issues, or other specific matters arising from the agreement. By clearly outlining what constitutes a dispute, this clause helps ensure that both parties understand when and how the dispute resolution process can be initiated, thereby reducing ambiguity and potential conflicts over jurisdiction or process.
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Nature of Dispute. The parties agree to forego the filing of any lawsuit or legal action relating to the dispute and agree to be bound by the decision or award of the Dispute Resolution Entity (as defined in the ADR Procedures) under the ADR Procedures. The rules and provisions of the ADR Procedures are incorporated herein by reference and the parties agree to be bound by same. DATED this day of , 20 EL POLLO LOCO, INC. BY: [OBJECTING FRANCHISEE] BY: [DEVELOPER] BY: Multi-State Disclosure Document Control No. 040114 Exhibit B to Procedures for Resolving Disputes Relating to the Development of New Restaurants $ ________ FOR VALUE RECEIVED, we, the undersigned (“Makers”) jointly and severally, promise to pay to the order of EL POLLO LOCO, INC. (“EPL”), a Delaware corporation, [INSERT ADDRESS], ON DEMAND, the principal sum of Dollars ($ ). Until demand for payment is made, this Note shall not accrue interest. Terms not otherwise defined in this Note shall have the meanings specified in the Procedures for Resolving Disputes Relating to the Development of New Restaurants (the “ADR Procedures”) promulgated by EPL. The Makers hereby waive presentment, notice, protest and all other notices required or permitted hereunder and by law in connection with the delivery, acceptance, performance, default or enforcement of this Note, and assent to any extension or postponement of the time of payment or of any other indulgence, substitution, exchange or release of collateral, and/or to the addition or release of any other party or person primarily or secondarily liable on this Note. This Note is being given to evidence the loan by EPL to the Objecting Franchisee pursuant to the ADR Procedures, the terms of which are expressly made a part of this instrument. The Makers hereof acknowledge that payment may be demanded by EPL upon the earlier to occur of: (i) settlement of the New Restaurant Dispute through Mediation or otherwise, (ii) conclusion of the Arbitration Proceedings, or (iii) any default by the Makers of the terms of any Franchise Agreement, or the occurrence of an event of default by which there is a violation of the terms and covenants of any other contractual obligation by the Makers hereof to EPL. The terms, covenants and conditions of agreements between the Makers and EPL are expressly made a part of this instrument. This Note is payable by mail or in person at the office of EPL or such other place as EPL may designate. In the event of delinquency in the payment of any principal o...
Nature of Dispute. The parties agree to forego the filing of any lawsuit or legal action relating to the dispute and agree to be bound by the decision or award of the Dispute Resolution Entity (as defined in the ADR Procedures) under the ADR Procedures. The rules and provisions of the ADR Procedures are incorporated herein by reference and the parties agree to be bound by same. DATED this EL POLLO LOCO, INC. By: [OBJECTING FRANCHISEE] By: DEMAND PROMISSORY NOTE $ FOR VALUE RECEIVED, we, the undersigned (“Makers”) jointly and severally, promise to pay to the order of EL POLLO LOCO, INC. (“EPL”), a Delaware corporation, [INSERT ADDRESS], ON DEMAND, the principal sum of Dollars ($ ). Until demand for payment is made, this Note shall not accrue interest. Terms not otherwise defined in this Note shall have the meanings specified in the Procedures for Resolving Disputes Relating to the Development of New Restaurants (the “ADR Procedures”) promulgated by EPL. The Makers hereby waive presentment, notice, protest and all other notices required or permitted hereunder and by law in connection with the delivery, acceptance, performance, default or enforcement of this Note, and assent to any extension or postponement of the time of payment or of any other indulgence, substitution, exchange or release of collateral, and/or to the addition or release of any other party or person primarily or secondarily liable on this Note. This Note is being given to evidence the loan by EPL to the Objecting Franchisee pursuant to the ADR Procedures, the terms of which are expressly made a part of this instrument. The Makers hereof acknowledge that payment may be demanded by EPL upon the earlier to occur of: (i) settlement of the New Restaurant Dispute through Mediation or otherwise, (ii) conclusion of the Arbitration Proceedings, or (iii) any default by the Makers of the terms of any Franchise Agreement, or the occurrence of an event of default by which there is a violation of the terms and covenants of any other contractual obligation by the Makers hereof to EPL. The terms, covenants and conditions of agreements between the Makers and EPL are expressly made a part of this instrument. This Note is payable by mail or in person at the office of EPL or such other place as EPL may designate. In the event of delinquency in the payment of any principal or interest due on this Note or in the event of any other default under this Note it becomes necessary to retain an attorney for collection or to enforce the te...
Nature of Dispute. State Contract of License Clause, Articles or Maintenance Services Clause in dispute (use additional sheets if necessary).
Nature of Dispute. This Agreement covers a perceived Dispute on the part of the Client, involving the Respondent.
Nature of Dispute. Relationship of parties:
Nature of Dispute. If any dispute or difference of any kind whatsoever shall arise between the Council and/or the Council's Representative on its behalf, and the Provider in connection with or arising out of this Agreement including any dispute as to any decision, instruction or certificate of the Council's Representative (whether during the progress of this Agreement or after its termination, cancellation or completion) the Parties will attempt to settle it within 21 days and such dispute or difference shall be referred in writing to the Parties' representatives under Clause 31.2.