Common use of Resolution by Negotiation Clause in Contracts

Resolution by Negotiation. No later than seven Business Days after a Dispute Notice is given (a longer period may be agreed in writing) each party to the Dispute must give all other parties: A brief statement about the issues concerning the Dispute and the reasons why those issues are relevant to the Dispute; and All information including documents relevant to the issues in the Dispute. Within seven Business Days after exchanging statements under clause 17.3a), all parties to the Dispute must meet, and use their best endeavours to resolve the Dispute. Any meeting contemplated under clause 17.3b) must not last more than a total of two Business Days. If the parties are unable to resolve the Dispute, then clause 17.4 will apply.