Common use of Nonbinding Mediation Clause in Contracts

Nonbinding Mediation. Any dispute, controversy or Claim between Buyer and Seller arising out of or relating to this Agreement or any of the Ancillary Agreements which cannot be mutually resolved by Buyer and Seller may be submitted by either Buyer or Seller for nonbinding mediation by the Mediator (as defined below).

Appears in 2 contracts

Sources: Asset Purchase Agreement (Gateway Inc), Asset Purchase Agreement (MPC Corp)