Common use of Submission to Mediation Clause in Contracts

Submission to Mediation. If, within thirty (30) days after such meeting, the parties have not succeeded in negotiating a resolution to the Dispute, they shall submit the Dispute at the earliest possible date to non-binding mediation in accordance with the Commercial Mediation Rules of the American Arbitration Association. In the event the mediation is not successful in obtaining an agreed resolution of the Dispute, then the Dispute shall be submitted to binding arbitration in accordance with the following section.

Appears in 3 contracts

Samples: Distribution and Spinoff Agreement (Medgenesis Inc), Distribution and Spinoff Agreement (Chronimed Inc), Distribution and Spinoff Agreement (Medgenesis Inc)

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Submission to Mediation. If, within thirty (30) 30 days after such meeting, the parties have not succeeded in negotiating a resolution to of the Disputedispute, they shall agree to submit the Dispute at the earliest possible date dispute to non-binding mediation in accordance with the Commercial Mediation Arbitration Rules of the American Arbitration Association. In Association and to bear equally the event the mediation is not successful in obtaining an agreed resolution costs of the Dispute, then the Dispute shall be submitted to binding arbitration in accordance with the following sectionmediation.

Appears in 2 contracts

Samples: Distribution Agreement (SFX Entertainment Inc), Distribution Agreement (SFX Entertainment Inc)

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