Common use of Commencement of Arbitration Clause in Contracts

Commencement of Arbitration. If the Dispute has not been resolved by negotiation within fifteen (15) days of the disputing party’s notice, or if the parties have failed to confer within fifteen (15) days after delivery of the notice, either party may then initiate arbitration by providing written notice of arbitration to the other party. In order to be valid, the notice shall contain a precise and complete statement of the Dispute. Within fifteen (15) days of receipt of the notice initiating arbitration, the receiving party shall respond by providing a written response which shall include its precise and complete response to the Dispute, and which includes any counter Dispute that the responding party may have.

Commencement of Arbitration. If the Dispute has not been resolved by negotiation within fifteen thirty (1530) days of the disputing party’s noticeDispute Notice, or if the parties Parties have failed to confer within fifteen thirty (1530) days after delivery of the noticeDispute Notice, either party Party may then initiate arbitration by providing written notice of arbitration to the other partyParty. In order to be valid, the notice of arbitration shall contain a precise and complete statement of the Dispute. Within fifteen thirty (1530) days of receipt of the notice initiating of arbitration, the receiving party Party shall respond by providing a written response which shall include its precise and complete response to the Dispute, and which includes any counter Dispute that the responding party Party may have.