Amicable Settlement definition

Amicable Settlement. All disputes arising out of or in connection with this Joint Study Agreement or its performance, including the validity, scope, meaning, construction, interpretation or application hereof, shall to the extent possible be settled amicably by negotiation and discussion between PARTIES.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Amicable Settlement. The Parties shall use their best efforts to settle amicably any dispute, controversy or claim arising out of, or relating to this Purchase Order or the breach, termination or invalidity thereof. Where the Parties wish to seek such an amicable settlement through conciliation, the conciliation shall take place in accordance with the UNCITRAL Conciliation Rules then obtaining, or according to such other procedure as may be agreed between the Parties. • Arbitration: Unless, any such dispute, controversy or claim between the Parties arising out of or relating to this Purchase Order or the breach, termination or invalidity thereof is settled amicably under the preceding paragraph of this Section within sixty (60) days after receipt by one Party of the other Party's request for such amicable settlement, such dispute, controversy or claim shall be referred by either Party to arbitration in accordance with the UNCITRAL Arbitration Rules then obtaining, including its provisions on applicable law. The arbitral tribunal shall have no authority to award punitive damages. The Parties shall be bound by any arbitration award rendered as a result of such arbitration as the final adjudication of any such controversy, claim or dispute.

Amicable Settlement. Any dispute, controversy, difference or claim arising out of or relating to this Agreement or the breach, termination or validity thereof, shall at the first instance be mutually settled between GAIL and IGX/Buyer, within a period of 30 days after giving notice by GAIL to IGX/Buyer or vice-versa.

Examples of Amicable Settlement in a sentence

• Unless the Contract has already been repudiated or terminated, the Contractor shall, in every case, continue to proceed with the works with all due diligence and the Contractor and the Employer shall give effect forthwith to every such decision of the Engineer unless and until the same shall be revised, as hereinafter provided, in an Amicable Settlement, Adjudicator’s or Arbitrator’s award.

• Either Party may then refer the dispute to be resolved in terms of dispute resolution mechanism set out in Clause 18.3 (Amicable Settlement) and 18.4 (Arbitration).

• Unless the Contract has already been repudiated or terminated, the Contractor shall, in every case, continue to proceed with the works with all due diligence and the Contractor and the Employer shall give effect forthwith to every such decision of the Engineer unless and until the same shall be revised, as hereinafter provided, in an Amicable Settlement, Adjudicator‟s or Arbitrator‟s award.

• Amicable Settlement: UNDP and the Individual contractor shall use their best efforts to amicably settle any dispute, controversy or claim arising out of the Individual Contract or the breach, termination or invalidity thereof.

• Amicable Settlement The Parties shall seek to resolve any dispute amicably by mutual consultation.

• Thereafter, if the dispute is finally resolved under Sub-Clause 20.4 [Obtaining Dispute Adjudication Board's Decision] or Sub-Clause 20.5 [Amicable Settlement], the Contractor shall then prepare and submit to the Employer (with a copy to the Engineer) a Final Statement.

• Amicable Settlement 56.1 The Parties shall seek to resolve any dispute amicably by mutual consultation.

• After exhausting the internal means of recourse and if the disagreement persists after the response given by the guaranteed service, the person concerned may refer the matter to the consumer law mediator: MEDICYS - Centre for Mediation and Amicable Settlement of Judicial Officers - ▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ - ▇▇▇▇▇ ▇▇▇▇▇ or ▇▇▇.▇▇▇▇▇▇▇.▇▇.

• Amicable Settlement ............................................................................................................

• In the event the Parties are unable to resolve the dispute through an Amicable Settlement pursuant to the above, the Dispute may be referred by either of the Parties to arbitration in accordance with the UNCITRAL Arbitration Rules then in effect.

More Definitions of Amicable Settlement

Amicable Settlement. The Parties shall use their best efforts to settle amicably all disputes arising out of or in connection with the Contract or its interpretation.

Amicable Settlement shall have the meaning ascribed to it in Clause 55.1 (Amicable Settlement);

Amicable Settlement has the meaning ascribed to it in Clause 8.6(a). "Applicable Law(s)" includes all statutes, enactments, acts of legislature or parliament, ordinances, rules, bye-laws, regulations, notifications, guidelines, policies, directions, directives, decrees, injunctions, writs, assessments, awards and orders, requirement or other governmental restrictions, ordinances and governmental approval or any similar form of decision of, or determination by, or any interpretation, policy or administration, having the force of law of any of the foregoing, of any government, statutory authority, tribunal, board, court having jurisdiction over the matter in question or any Party hereto, whether in effect as of the Execution Date or thereafter.

Amicable Settlement. All disputes arising out of or in connection with this Joint Study Agreement or its performance, including the validity, scope, meaning, construction, interpretation or application hereof, shall to the extent possible be settled amicably by negotiation and discussion between PARTIES. 10.3 Arbitration: Any disputes not settled by amicable Joint Study Agreement shall be finally settled by arbitration under the rules of Arbitration of the Indonesian National Arbitration Board (Badan Arbitrase Nasional Indonesia-BANI), such arbitration to be conducted in Indonesian Language in Jakarta, Indonesia. The arbitration award shall be final and binding.