Non-Binding Opinion Sample Clauses

A Non-Binding Opinion clause establishes that any opinion, recommendation, or decision provided under the agreement is advisory only and does not have legal force. In practice, this means that if a dispute arises or an expert is consulted, their findings or suggestions are not automatically enforceable and do not obligate the parties to act in a particular way. This clause is commonly used to facilitate dispute resolution or provide guidance while preserving each party’s right to make independent decisions, ultimately ensuring that no party is compelled to accept an outcome they do not agree with.
Non-Binding Opinion. In keeping with the spirit and intent of the parties to resolve grievances as quickly as possible, following the formal grievance procedure but prior to arbitration, either party may request a third party “non binding opinion”. If both parties agree to this additional step, a brief written submission; including a summary of the issue, the alleged violation of the collective agreement, and the remedy sought, will be submitted by each party to an agreed to third party for a non binding recommended settlement. An Agreed Statement of Facts may also be provided. Following, the review of the written submissions, the third party shall render their non binding opinion within two weeks of completing, the review. The cost of the third party will be shared equally between the Union and BC Hydro. Any non binding opinion as a result of this process shall not be put into evidence during any Arbitration.
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Non-Binding Opinion. You may ask the Trustee for a non-binding opinion on whether CFM’s conduct violates the Conduct Policies. If the Trustee determines that CFM is in violation of the Conduct Policies, then CFM must inform you and the Trustee of whether it plans to implement the Trustee’s decision. If CFM states that it intends to comply, then it has 60 days to do so. But note that the use of the Trustee for a non-binding opinion is not a mandatory step in the dispute resolution process. You are free to proceed directly to arbitration (after consulting with the CFM Liaison Officer). ➢ Arbitration: If the CFM Liaison Officer does not satisfy your concerns, you can initiate arbitration administered by the International Chamber of Commerce (ICC), or ad hoc arbitration conducted under the UNCITRAL Rules of Arbitration.5 In both cases, the decisions and awards of the Arbitral Tribunal will be final and binding. If you succeed in arbitration, CFM may be subject to damages and 5 By initiating arbitration proceedings, beneficiaries forfeit their rights to seek redress for the alleged breach before other judicial or other forums.
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Non-Binding Opinion. If no agreement is reached, either party may invite the Mediator to provide both parties a non-binding opinion in writing. Such opinion shall not be used in evidence in any concurrent or subsequent proceedings, without the prior written consent of both parties.
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Non-Binding Opinion. If no agreement is reached, either partner may invite the Mediator to provide to both Partners a non-binding opinion in writing. Such opinion shall not be used in evidence in any concurrent or subsequent proceeding, without the prior written consent of both Partners.
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Related to Non-Binding Opinion

  • Opinion of Counsel for the Selling Shareholders At the Closing Time, the Representatives shall have received the favorable opinion, dated the Closing Time, of ▇▇▇▇, Weiss, Rifkind, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, counsel for the Selling Shareholders, in form and substance satisfactory to counsel for the Underwriters, together with signed or reproduced copies of such letter for each of the other Underwriters, substantially to the effect set forth set forth in Exhibit B hereto.

  • Opinion of Counsel for the Selling Stockholders ▇▇▇▇▇▇ LLP, counsel for the Selling Stockholders, shall have furnished to the Representatives, at the request of the Selling Stockholders, their written opinion, dated the Closing Date or the Additional Closing Date, as the case may be, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives.

  • Opinion of Counsel for the Selling Stockholder ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇ LLP, counsel for the Selling Stockholder, shall have furnished to the Representatives, at the request of the Selling Stockholder, their written opinion, dated the Closing Date or the Additional Closing Date, as the case may be, and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives.

  • Section 368 Opinion The Company shall have received a written opinion of G▇▇▇▇▇▇▇▇ Traurig, LLP (or other counsel to the Company reasonably satisfactory to Parent), dated as of the Closing Date and in form and substance reasonably satisfactory to the Company, to the effect that, on the basis of the facts, representations and assumptions set forth or referred to in such opinion, the Merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Code. In rendering the opinion described in this Section 7.3(e), counsel shall be entitled to require and rely upon customary representations contained in certificates of officers of the Company and Parent, reasonably satisfactory in form and substance to the Company and Parent.

  • Opinion of PRC Counsel for the Company At each Closing Date, the Underwriters shall have received the written opinion of ▇▇▇▇▇▇▇▇▇ Law Offices, PRC counsel for the Company, dated such Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Underwriters.