Common use of Mediation and Arbitration of Disputes Clause in Contracts

Mediation and Arbitration of Disputes. (a) Any dispute or claim in law or equity arising between the parties out of this Contract, the Property, or any resulting transaction, Seller and Buyer agree to first attempt, in good faith, to first participate in non-binding mediation with a mutually acceptable neutral. If the parties cannot agree on a mediator, Judicial Arbitration and Mediation Services (“JAMS”) shall be used and JAMS shall select the neutral mediator. Any party who fails or refuses to mediate in good faith as required under this paragraph shall not be entitled to any attorney’s fees award under this Agreement.

Mediation and Arbitration of Disputes. (a) Any dispute or claim in law or equity arising between the parties out of this Contract, the Property, or any resulting transaction, Seller and Buyer agree to first attempt, in good faith, to first participate in non-binding mediation with a mutually acceptable neutral. If the parties cannot agree on a mediator, Judicial Arbitration and Mediation Services (“"JAMS”") shall be used and JAMS shall select the neutral mediator. Any party who fails or refuses to mediate in good faith as required under this paragraph shall not be entitled to any attorney’s 's fees award under this Agreement.. BUYER’S INITIALS: ( ) ( ) PAGE 8 OF11 SELLER’S INITIALS: ( ) ( )