Common use of Consultations and Negotiations Clause in Contracts

Consultations and Negotiations. 1. In the event of an investment dispute, the claimant and the respondent shall initially seek to resolve the dispute through consultations and negotiations, which may include the use of non-binding, third-party procedures. Such consultations shall be initiated by a written request for consultations delivered by the claimant to the respondent. 2. The parties shall endeavour to commence consultations within 30 days of receipt by the respondent of the request for consultations, unless the disputing parties otherwise agree. 3. With the objective of resolving an investment dispute through consultations, a claimant shall make all reasonable efforts to provide the respondent, prior to the commencement of consultations, with information regarding the legal and factual basis for the investment dispute. 4. For greater certainty, the initiation of consultations and negotiations shall not be construed as recognition of the jurisdiction of the tribunal.

Consultations and Negotiations. 1. In the event of a dispute concerning an investment disputeinvestment, the claimant plaintiff and the respondent shall initially seek must first try to resolve settle the dispute through consultations and negotiations, which may include the use of non-binding, third-binding third party procedures. Such consultations shall should be initiated by a written request for consultations delivered consultation, sent by the claimant complainant to the respondent. 2. The disputing parties shall endeavour to commence begin consultations within 30 60 days of the respondent's receipt by the respondent of the request for consultations, consultations unless otherwise agreed by the disputing parties otherwise agreeparties. 3. With the objective of resolving In order to resolve a dispute concerning an investment dispute through consultations, a the claimant shall make all every reasonable efforts effort to provide the respondent, prior to the commencement of the consultations, with information regarding concerning the factual and legal and factual basis for grounds of the investment dispute. The aforementioned controversy. 4. For greater certainty, the initiation of consultations and negotiations shall should not be construed considered as recognition an acknowledgement of the jurisdiction of the tribunalcourt's jurisdiction.