Common use of Voluntary Dispute Resolution Clause in Contracts

Voluntary Dispute Resolution. If Licensee has a dispute over the amount of any fees, compensation, charges or reimbursements due or paid to Manager under this Agreement, Licensee will nevertheless within the required time for payment pay, pursuant to SECTION 12.1, all amounts which are not in dispute and supply a written explanation of reasons for disputing the unpaid amount. The Parties will cooperate in good faith to resolve any such disputes within a 30 day period after the due date of the original charges. All unresolved disputes and controversies of every kind and nature between the Parties arising out of or in connection with this Agreement as to the construction, validity, interpretation, or meaning, performance, non-performance, enforcement, operation, or breach shall be resolved according to the provisions of SECTIONS 10.6 and 10.7 of the Agreement and Plan of Reorganization.

Voluntary Dispute Resolution. If Licensee has a dispute over the amount of any fees, compensation, charges charges, or reimbursements due or paid to Manager under this Agreement, Licensee will nevertheless within the required time for payment pay, pursuant to SECTION 12.1, all amounts which are not in dispute and supply a written explanation of reasons for disputing the unpaid amount. The Parties will cooperate in good faith to resolve any such disputes within a 30 day period after the due date of the original charges. All unresolved disputes and controversies of every kind and nature between the Parties arising out of or in connection with this Agreement as to the construction, validity, interpretation, or meaning, performance, non-performance, enforcement, operation, or breach shall be resolved according to the provisions of SECTIONS 10.6 and 10.7 of the Agreement and Plan of Reorganization.