Dispute Resolution; Arbitration. Both Parties will attempt to settle any claim or controversy arising out of this Agreement through good-faith negotiation. If a dispute occurs, the parties will submit the dispute in writing to a senior executive from each party. If the dispute is not resolved within thirty (30) days, then the same will be resolved through arbitration by a single arbitrator appointed by mutual consent of the Parties. The arbitration proceeding will be as per the Arbitration and Conciliation Act, 1996. The proceedings will be conducted in Kolkata. Subject to arbitration, this agreement will be subject to the exclusive jurisdiction of courts at Kolkata.
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Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement