Resolution of Disputes between the Parties Sample Clauses

Resolution of Disputes between the Parties. 5.1 Any dispute arisen between the Parties shall be resolved through negotiations. If the resolution is impossible to achieve then Tbilisi City Court shall resolve the dispute in compliance with the legislation of Georgia; besides, the Parties agree that the decision made in favor of the Insurer shall be subject to immediate execution in compliance with the legislation of Georgia.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Resolution of Disputes between the Parties. Article 325.
Sample 1Sample 2Sample 3
Resolution of Disputes between the Parties. 1 The Parties shall have the discretion to resolve any dispute that may arise between them regarding the interpretation and application of this Agreement in good faith and in a rapid and fair manner in cooperation. From this point, the Parties agree to make direct and meaningful negotiations to reach such resolution. If the parties fail to reach a settlement within six months of the occurrence of a dispute between them, the dispute may be presented to the arbitration board of a three- person board at the request of the parties. 2 Within two months of receipt of such request, each Party shall appoint one arbitrator. These two arbitrators shall elect a third arbitrator who is a citizen of a third State to serve as the President. If a party cannot appoint an arbitrator within the time specified, the other Party may request that the International Court of Justice appoint an arbitrator.
Sample 1Sample 2Sample 3
Resolution of Disputes between the Parties. 1. Disputes between the Parties concerning the interpretation or application of this Agreement should, if possible, be resolved through mutual consultations and negotiations.
Sample 1
Resolution of Disputes between the Parties. Any controversy or claim arising out of or relating to this Agreement shall be determined by arbitration in accordance with the International Arbitration Rules of the American Arbitration Association, and
Sample 1
Resolution of Disputes between the Parties. (a) Prior to initiating any legal or other action or proceeding against the other, the Parties shall attempt in good faith to resolve any controversy or claim arising from or relating to this Agreement promptly by negotiations between the respective representatives of the Parties. The disputing Party shall give the other Party written notice of the dispute. Within *** after receipt of such notice, the receiving Party shall submit a written response to the other Party. The notice and response shall include a statement of the respective Party’s position and arguments supporting its position. The representatives shall meet at a mutually acceptable time and place within *** after the date of the disputing Party’s notice and thereafter as often as they reasonably deem necessary to exchange relevant information and to attempt to resolve the dispute. If the matter has not been resolved through negotiation within *** after the date of the disputing Party’s notice, or if either Party will not meet with the other Party within *** after the date of the disputing Party’s notice, either Party is free to initiate proceedings in accordance with the provisions of Article VI.2. All deadlines specified herein may be extended by mutual written agreement of the Parties.
Sample 1
Resolution of Disputes between the Parties. As to any tax matters objected to between the Seller and Buyer, the parties shall negotiate in good faith to resolve such issues. If the parties are unable to resolve such issues within thirty (30) days of the receipt of either party's objections, the items in dispute shall be submitted to Ernst & Young as tax consultants (the "Tax Consultants"), for determination and the decision of the Tax Consultant shall be final and binding. Each party shall submit to the Tax Consultant its calculation of the disputed items and any other written statements and documents as it desires. The Tax Consultant shall be asked to reach its decision within a reasonable period or time. The parties shall share the cost of the Tax Consultant services in proportion to the relationship that each party's calculation of the disputed items bear to the Tax Consultant's Final determination of such item (accordingly, by way of example, if Buyer claims that Seller understated a tax by $100 and the Tax Consultant decides the -5- understatement is only $60, Seller would bear 60% of the Tax Consultant fees and expenses and Buyer would bear 40%).
Sample 1
AutoNDA by SimpleDocs
Resolution of Disputes between the Parties. A. The parties agree to abide by an established dispute resolution process should a dispute arise in one or more of the following areas:
Sample 1
Resolution of Disputes between the Parties 
Sample 1Sample 2

Related to Resolution of Disputes between the Parties

  • Settlement of Disputes between the Parties 1. Any dispute between the Parties concerning the interpretation or application of this Chapter shall, as far as possible, be settled with consultation through diplomatic channel. 2. If a dispute cannot thus be settled within 6 months, it shall, upon the request of either Party, be submitted to an ad hoc arbitral tribunal. 3. Such tribunal comprises of 3 arbitrators. Within 2 months of the receipt of the written notice requesting arbitration, each Party shall appoint one arbitrator. Those 2 arbitrators shall, within further 2 months, together select a national of a third State having diplomatic relations with both Parties who, upon approval by the Parties, shall be appointed as Chairman of the arbitral tribunal. 4. If the arbitral tribunal has not been constituted within 4 months from the receipt of the written notice requesting arbitration, either Party may, in the absence of any other agreement, invite the President of the International Court of Justice to make any necessary appointments. If the President is a national of either Party or is otherwise prevented from discharging the said functions, the Member of the International Court of Justice next in seniority who is not a national of either Party or is not otherwise prevented from discharging the said functions shall be invited to make such necessary appointments. 5. The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its award in accordance with the provisions of this Agreement and the principles of international law recognized by both Parties. 6. The arbitral tribunal shall reach its award by a majority of votes. Such award shall be final and binding upon both Parties. The arbitral tribunal shall, upon the request of either Party, explain the reasons of its award. 7. Each Party shall bear the costs of its appointed arbitrator and of its representation in arbitral proceedings. The relevant costs of the Chairman and tribunal shall be borne in equal parts by the Parties.

  • Resolution of Disputes Any dispute or disagreement which may arise under, or as a result of, or in any way related to, the interpretation, construction or application of this Agreement shall be determined by the Committee. Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Company for all purposes.

  • Resolution of Dispute Any dispute regarding this Agreement (including without limitation its validity, interpretation, performance, enforcement, termination and damages) shall be determined in accordance with the laws of the State of California, the United States of America. Any action under this paragraph shall not preclude any party hereto from seeking injunctive or other legal relief to which each party may be entitled.

  • Disputes between the Parties Any dispute between the Parties in connection with this Agreement shall be resolved by arbitration in accordance with the procedures set forth in Exhibit B; provided, however, that either Party may seek a restraining order, temporary injunction, or other provisional relief in any court with jurisdiction over the subject matter of the dispute and sitting in Houston, Texas, if such Party in its sole judgment believes that such action is necessary to avoid irreparable injury or to preserve the status quo ante.

  • Settlement of Disputes between Contracting Parties (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.

  • Settlement of Disputes between the Contracting Parties 1. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement should, if possible, be settled through diplomatic channels.

  • Resolution of Disagreements Disputes arising under this Agreement will be resolved informally by discussions between Agency Points of Contact, or other officials designated by each agency.

  • Mediation of Disputes In the event of any disputes arise between the parties under this Agreement, the parties agree to use the following procedure prior to and as a precondition to either party pursuing any other available remedies, including arbitration or litigation.

  • Settlement of Disputes between an Investor and a Contracting Party

  • Settlement of Dispute Any disputes under the Agreement shall be settled at first through friendly consultation between the parties hereto. In case no settlement can be reached through consultation, each party shall have the right to submit such disputes to China International Economic and Trade Arbitration Commission in Beijing. The Place of arbitration is Beijing. The arbitration award shall be final and binding on both parties.

Time is Money Join Law Insider Premium to draft better contracts faster.