Common use of Negotiation between the Parties Clause in Contracts

Negotiation between the Parties. The Parties shall first attempt to resolve any controversy or dispute that arises from or under this Agreement, or any claim for a breach of the Agreement, by good faith negotiations during a [**] period, first between their respective business development representatives. In the event that no agreement is reached with respect to such dispute [**] after the commencement of such discussion, the matter shall be referred to the Business Unit Head, Emerging Technologies of Lonza and the CEO of Akouos (“Senior Executives”), who will discuss the matter in good faith and attempt to resolve it.

Negotiation between the Parties. The Parties shall first attempt to resolve any controversy or dispute that arises from or under this Agreement, or any claim for a breach of the Agreement, by good faith negotiations during a [**] period, first between their respective business development representatives. In the event that no agreement is reached with respect to such dispute [**] after the commencement of such discussion, the matter shall be referred to the Business Unit Head, Emerging Technologies President and CEO of Lonza MEE and the CEO of Akouos (“Senior Executives”), who will discuss the matter in good faith and attempt to resolve it.