Technical Dispute definition
Examples of Technical Dispute in a sentence
If the Parties are unable to resolve a dispute arising hereunder within the later of (i) ten (10) Days of initiating such discussions, and (ii) fifteen (15) Days after notice of the dispute, either Party may seek any and all remedies available to it at Law or in equity; provided however that if the dispute is a Technical Dispute, the Parties agree that, before either Party may seek any and all remedies available to it at Law or in equity, Section 11.3 shall apply.
If the Parties are unable to resolve a Technical Dispute among themselves to their respective satisfaction, the Parties agree to cooperate in good faith to nominate an independent expert to be mutually agreed upon by the Parties to review and analyze the Technical Dispute and offer a confidential, non-binding, written opinion to the Parties on the matter.
If the Parties are not able to resolve the Technical Dispute through this process in its entirety, the submissions, discussions and written opinion shall remain confidential as they were part of a mediation conducted under applicable Law.
Each Party shall promptly provide, at its own cost, such data and information as it deems reasonably necessary to resolve the Technical Dispute to the independent expert and to the other Party.
The Parties are free to accept, reject or modify the written opinion in their discretion to attempt to resolve the Technical Dispute.