Amicable Settlements Sample Clauses
The Amicable Settlements clause establishes a process for the parties to resolve disputes through negotiation or other non-litigious means before resorting to formal legal proceedings. Typically, this clause requires the parties to engage in good faith discussions, possibly within a specified timeframe, to attempt to settle disagreements arising from the contract. Its core function is to encourage resolution of conflicts efficiently and cost-effectively, reducing the likelihood of lengthy and expensive litigation.
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Amicable Settlements. All disputes between the Contracting Parties relating to the interpretation or application of this Agreement shall be, whenever possible, settled amicably by consultations within the Joint Commission.
Amicable Settlements a. The Parties must attempt to reach an amicable settlement of any Dispute as set forth in this Section 3 of this Exhibit B prior to referring such Dispute to Litigation.
b. After a Dispute arises, each Party commits to resolving such Dispute in an amicable, professional, and expeditious manner so as to avoid unnecessary losses, delays, and disruptions to the Airport Services or any other work performed under this Agreement.
c. The Parties will first attempt to resolve any Disputes through discussions between representatives of each Party (the “Authority Dispute Representative” and “Avports Dispute Representative”, respectively), each with the necessary authority within their own organizations to fully resolve the Dispute on behalf of their respective organizations, which discussions shall conclude within five (5) days of the initiating Party’s written request to meet unless the Parties mutually agree otherwise.
d. If a Dispute cannot be resolved through discussions between the Authority Dispute Representative and Avports Dispute Representative, then, upon the request of either Party, senior representatives from each Party (the “Senior Representatives”, and together with the Authority Dispute Representative and Avports Dispute Representative, the “Dispute Representatives”), each with the necessary authority within their own organizations to fully resolve the Dispute on behalf of their respective organizations, shall meet as soon as possible, but in no case later than seven (7) days after such a request is made, to attempt to resolve such Dispute.
e. The Parties will memorialize any resulting settlement of the Dispute pursuant to Section 5 of this Exhibit B.