Panel Variable (PANEL Clause Samples

The Panel Variable (PANEL) clause defines the specific group or body—referred to as the "Panel"—that will be responsible for making decisions or resolving disputes under the agreement. This clause typically outlines how the panel is constituted, such as the number of members, their qualifications, and the process for their selection. For example, it may specify that each party appoints one member, and those members jointly select a third. The core function of this clause is to ensure a clear and agreed-upon mechanism for forming the decision-making body, thereby reducing ambiguity and potential conflicts over how disputes are handled.