Common use of Settling Disputes Clause in Contracts

Settling Disputes. All disputes arising from the interpretation, development, modification, resolution or execution of the present agreement, must be settled by mutual agreement and through consultation or negotiation between both parties through the Monitoring Committee, or through any other mechanism agreed to by both parties. If it shall prove impossible to reach a solution through these procedures, the parties hereby undertake to subject themselves to an International Arbitration which will be determined by agreement of both parties.

Appears in 8 contracts

Samples: Cooperation Agreement, Cooperation Agreement, Specific Agreement

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