Procedure and Process for Final Offer Selection Sample Clauses

The "Procedure and Process for Final Offer Selection" clause defines the steps and requirements for choosing between final offers submitted by parties, typically in a negotiation or dispute resolution context. It outlines how each party submits their best and final offer, the criteria or process by which a decision-maker (such as an arbitrator or panel) evaluates these offers, and the method for selecting one offer in its entirety rather than blending elements from both. This clause ensures a clear, structured, and fair process for resolving impasses, often encouraging parties to make reasonable proposals to increase the likelihood their offer will be chosen, thereby streamlining dispute resolution and reducing prolonged negotiations.