Nonbinding Consultation Sample Clauses
A Nonbinding Consultation clause establishes a process for the parties to discuss and attempt to resolve issues or disputes without creating any legal obligation to follow the outcome of those discussions. Typically, this clause requires the parties to meet, confer, or exchange information in good faith before pursuing more formal dispute resolution methods such as arbitration or litigation. Its core practical function is to encourage open communication and potentially resolve disagreements early, thereby saving time and resources while preserving the parties' rights to seek binding remedies if necessary.
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Nonbinding Consultation. Lender shall have the right to consult with and advise Borrower regarding significant business activities and business and financial developments of Borrower, provided that any such advice or consultation or the result thereof shall be completely nonbinding on Borrower.
Nonbinding Consultation. Lender shall have the right to consult with and advise Obligor regarding significant business activities and business and financial developments of Obligor and Operating Lessee, provided that any such advice or consultation or the result thereof shall be completely nonbinding on Obligor.
Nonbinding Consultation. [intentionally omitted]
