Common use of Negotiation and Resolution Clause in Contracts

Negotiation and Resolution. If any dispute arises between the Blade Parties and the Air Carriers arising out of this Agreement, then: (i) the Party(ies) initiating this dispute process shall notify the other Party(ies) as soon as reasonably practicable in the circumstances, but in no event later than ten (10) Business Days from the date such dispute arises, with such notification to set out in writing a reasonably-detailed description of the dispute and a concise statement of the facts supporting it (in this Article 16.1 (the “Initiating Document”); (ii) the other Party(ies) shall notify the initiating Party(ies) as soon as reasonably practicable in the circumstances, but in no event later than five (5) Business Days from the date of delivery of the Initiating Document, with such notification to set out in writing its reasonably-detailed response to the dispute, its position in respect of the dispute and a concise statement of the facts supporting it; (iii) each Party shall designate a person with sufficient authority to resolve the dispute for the purposes of negotiating and resolving the dispute; and (iv) such designees shall attempt to resolve the dispute through good-faith, responsive, timely and active negotiations.

Negotiation and Resolution. If any dispute arises between the Blade Parties and the Air Carriers Helijet Parties arising out of this Agreement, the Aircraft Operator Agreement or the Collaboration generally, then: (ia) the Party(ies) initiating this dispute process shall notify the other Party(ies) as soon as reasonably practicable in the circumstances, but in no event later than ten (10) Business Days from the date such dispute arises, with such notification to set out in writing a reasonably-detailed description of the dispute and a concise statement of the facts supporting it (in this Article 16.1 Section 12.1 (the “Initiating Document”); (iib) the other Party(ies) shall notify the initiating Party(ies) as soon as reasonably practicable in the circumstances, but in no event later than five (5) Business Days from the date of delivery of the Initiating Document, with such notification to set out in writing its reasonably-detailed response to the dispute, its position in respect of the dispute and a concise statement of the facts supporting it; (iiic) each Party shall designate a person with sufficient authority to resolve the dispute for the purposes of negotiating and resolving the dispute; and (ivd) such designees shall attempt to resolve the dispute through good-faith, responsive, timely and active negotiations.