Examples of Initiating Party in a sentence
The party claiming that a Dispute exists (Initiating Party) must give the other party (Receiving Party) written details of the nature of the Dispute (Notice of Dispute).
Arbitration proceedings shall be commenced by the party desiring arbitration (the "Initiating Party") giving notice to the other party entitled to participate in the arbitration proceedings (the "Responding Party") specifying the matter to be arbitrated and submitting the names of three potential arbitrators that would be acceptable to the Initiating Party.
Within 30 days of the service of the Notice of Dispute by the Initiating Party on the Receiving Party, in the case of the Licensor, the Chief of the relevant Division (or equivalent) and in the case of the Licensee, its Chief Executive Officer, or their delegates who have appropriate authority to resolve the Dispute, will meet (in person or by telephone or video conference) and attempt to resolve the Dispute in good faith.
A copy of the audit report will be provided to all Parties by the Initiating Party within fifteen (15) days of receipt of the audit report.
If the parties are not able to agree on an arbitrator within 14 days of receipt of the notice to arbitrate issued by the Initiating Party through the above or any other process or mechanism agreed to by the parties, then either party may apply to the Court of Queen’s Bench of Alberta to appoint the arbitrator.