Common use of Appointment of Expert Clause in Contracts

Appointment of Expert. Within ten Business Days after the written request, the parties will appoint a single agreed expert with experience and expertise in the subject matter of the dispute. If the parties fail to agree the appointment within that period, then either party may request that a neutral from the International Institute of Conflict Prevention and Resolution appoints a suitable expert (and both parties will accept that appointment in the absence of evident conflict or bias). As a condition of the expert’s appointment, the parties will ensure that the expert agrees to disclose any actual or potential conflicts of interest promptly as they arise. The parties do not intend that the expert acts as an arbitrator.

Appears in 2 contracts

Samples: Calliditas Therapeutics AB, Services Agreement (PLx Pharma Inc.)

AutoNDA by SimpleDocs

Appointment of Expert. Within ten Business Days after the written request, the parties Parties will appoint a single agreed expert with experience and expertise in the subject matter of the dispute. If the parties Parties fail to agree the appointment within that period, then either party Party may request that a neutral from the International Institute of Conflict Prevention and Resolution appoints a suitable expert (and both parties Parties will accept that appointment in the absence of evident conflict or bias). As a condition of the expert’s appointment, the parties Parties will ensure that the expert agrees to disclose any actual or potential conflicts of interest promptly as they arise. The parties Parties do not intend that the expert acts as an arbitrator.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

Appointment of Expert. Within ten 10 Business Days after the written requesta party requests pursuant to Section 12.2 that an expert be appointed to resolve a Technical Dispute, the parties will shall jointly appoint a single agreed mutually acceptable expert with experience and expertise in the subject matter of the dispute. If the parties fail are unable to so agree within such 10 Business Day period, or in the event of disclosure of a conflict by an expert pursuant to paragraph 2 hereof which results in the parties not confirming the appointment within that periodof such expert, then either party may request that a neutral from the International Institute of Conflict Prevention and Resolution appoints a suitable an expert (and both parties will accept willing to act in that appointment in the absence of evident conflict or bias). As a condition of the expert’s appointment, the parties will ensure that the expert agrees to disclose any actual or potential conflicts of interest promptly as they arise. The parties do not intend that the expert acts as capacity hereunder) shall be appointed by an experienced arbitrator.

Appears in 1 contract

Samples: Manufacturing Services Agreement (Avanir Pharmaceuticals)

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