Common use of Consultation and Negotiation Clause in Contracts

Consultation and Negotiation. 1. In the event of an investment dispute, the claimant and the respondent should initially seek to resolve the dispute through consultation and negotiation, which may include the use of non-binding, third party procedures, such as good offices, conciliation or mediation. 2. The claimant shall deliver to the respondent a written request for consultations setting out a brief description of facts regarding the measure or measures at issue. 3. For greater certainty, the initiation of consultations and negotiations shall not be construed as recognition of the jurisdiction of the tribunal.

Consultation and Negotiation. 1. In the event of an investment dispute, the claimant and the respondent should initially shall, as far as possible, seek to resolve the dispute through consultation and negotiation, which may include the use of non-binding, third third-party procedures, such as good offices, conciliation or mediation. 2. The claimant shall deliver to the respondent a written request for consultations setting out forth a brief description of facts regarding the measure or measures at issue. 3. For greater certainty, the initiation of consultations and negotiations shall not be construed as recognition of the jurisdiction of the tribunal.