No Judicial Decision Sample Clauses
The "No Judicial Decision" clause restricts the parties from seeking resolution of disputes through the courts or judicial bodies. Instead, it typically requires that disagreements be resolved through alternative means such as negotiation, mediation, or arbitration. For example, if a conflict arises under the contract, the parties must use the specified alternative dispute resolution process rather than filing a lawsuit. This clause's core function is to prevent litigation, thereby saving time and costs associated with court proceedings and encouraging more efficient, private resolution of disputes.
No Judicial Decision. No Judicial Decision has been registered with the Luxembourg Register of Commerce and Companies in respect of LuxCo. In rendering such opinion, such counsel may (A) rely in respect of matters of fact upon certificates of officers and employees of the Teekay Entities and upon information obtained from public officials, (B) assume that all documents submitted to them as originals are authentic, that all copies submitted to them conform to the originals thereof, and that the signatures on all documents examined by them are genuine, and (C) state that their opinion is limited to the laws of Luxembourg.
No Judicial Decision. On the basis of the Certificate only, as of [•] December 2012, no Judicial Decision has been registered with the RCS in respect of LuxCo.