Common use of Pre-Suit Mediation Clause in Contracts

Pre-Suit Mediation. Prior to initiating litigation, you must first serve written notice to the Company within 90 days of the alleged loss setting forth in detail the nature of the alleged claim and an itemization of remedies sought. You must then submit to mediation in good faith, bearing 50% of the mediation expense. Failure to serve proper notice or to mediate in good faith shall serve as a waiver of any rights to pursue litigation.

Pre-Suit Mediation. Prior to initiating litigation, you Executive must first serve written notice to the Company within 90 days of the alleged loss setting forth in detail the nature of the alleged claim and an itemization of remedies sought. You Executive must then submit to mediation in good faith, bearing 50% of the mediation expense. Failure to serve proper timely written notice or to mediate in good faith shall serve as a waiver of any rights to pursue litigation.