Common use of Appointment of a single Expert Clause in Contracts

Appointment of a single Expert. The procedure for the appointment of an Expert shall be as follows: a) The Party requesting the appointment of an Expert shall notify the other Party hereof by registered mail, mentioning details of the matter which is proposed to be submitted to the Expert. b) Upon receipt of this registered notice, Parties shall meet as soon as possible in an endeavour to agree upon the appointment of a single Expert to whom the matter in dispute shall be referred for opinion within five (5) Business Days after such agreement. c) If Parties fail to meet or cannot agree on the appointment of an Expert within five