Common use of APPLICABLE LAW – SETTLEMENT OF DISPUTES Clause in Contracts

APPLICABLE LAW – SETTLEMENT OF DISPUTES. 24.1 The Agreement shall, in all respects, be governed by and construed in accordance with the laws of the State of Israel, without giving effect to its choice of law rules. 24.2 The Parties shall resolve all disputes in connection with the validity or interpretation of this Agreement, unless otherwise expressly stated in the Agreement, in the following manner: 24.2.1 By direct negotiations between the IPM and CPM. 24.2.2 If such negotiations do not yield results to the satisfaction of both Parties, the matter shall be referred for direct negotiation between the General Managers of each Party. 24.2.3 If negotiations between the General Managers of each party are unsuccessful, the matter shall be referred to the competent court located in Lod, Israel, and the competent Israeli courts shall have exclusive jurisdiction in all matters arising there from unless otherwise agreed between the Parties in writing.

APPLICABLE LAW – SETTLEMENT OF DISPUTES. 24.1 26.1 The Agreement shall, in all respects, be governed by and construed in accordance with the laws of the State of Israel, without giving effect to its choice of law rules. 24.2 26.2 The Parties shall resolve all disputes in connection with the validity or interpretation of this Agreement, unless otherwise expressly stated in the Agreement, in the following manner: 24.2.1 26.2.1 By direct negotiations between the IPM and CPM. 24.2.2 26.2.2 If such negotiations do not yield results to the satisfaction of both Parties, the matter shall be referred for direct negotiation between the General Managers of each Party. 24.2.3 26.2.3 If negotiations between the General Managers of each party are unsuccessful, the matter shall be referred to the competent court located in Lod, Israel, and the competent Israeli courts shall have exclusive jurisdiction in all matters arising there from unless otherwise agreed between the Parties in writing.

APPLICABLE LAW – SETTLEMENT OF DISPUTES. 24.1 The Agreement shall, in all respects, be governed by and construed in accordance with the laws of the State of Israel, without giving effect to its choice of law rules. 24.2 The Parties shall resolve all disputes in connection with the validity or interpretation of this Agreement, unless otherwise expressly stated in the Agreement, in the following manner: 24.2.1 By direct negotiations between the IPM and CPM. 24.2.2 If such negotiations do not yield results to the satisfaction of both Parties, the matter shall be referred for direct negotiation between the General Managers of each Party. 24.2.3 If negotiations between the General Managers of each party are unsuccessful, the matter shall be referred to the competent court located in LodTel-Aviv, Israel, and the competent Israeli courts shall have exclusive jurisdiction in all matters arising there from unless otherwise agreed between the Parties in writing.