Common use of Dispute Resolution by the Parties Clause in Contracts

Dispute Resolution by the Parties. If Seller delivers a Dispute Notice to Buyer within the required fifteen (15) day period, Buyer and Seller shall use reasonable efforts to resolve their differences concerning the Items of Dispute, and if any Item of Dispute is so resolved, the Closing Statement shall be modified as necessary to reflect such resolution. If all Items of Dispute are so resolved, the Closing Statement (as so modified) shall be conclusive and binding on all Parties.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Patrick Industries Inc), Asset Purchase Agreement (Patrick Industries Inc)

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Dispute Resolution by the Parties. If Seller delivers a Dispute Notice to Buyer within the required fifteen (15) day period, Buyer and Seller shall use reasonable efforts to resolve their differences concerning the Items of Dispute, and if any Item of Dispute is so resolved, the Closing Statement shall be modified as necessary to reflect such resolution. If all Items of Dispute are so resolved, the Closing Statement (as so modified) shall be conclusive and binding on all Parties.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Bio Key International Inc), Asset Purchase Agreement (Bio Key International Inc)

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Dispute Resolution by the Parties. If Seller delivers a the Dispute Notice to Buyer within the required fifteen (15) 30-day period, Buyer and Seller shall use reasonable efforts to resolve their differences concerning the Items of Dispute, and if any Item of Dispute is so resolved, the Closing Statement shall be modified as necessary to reflect such resolution. If all Items of Dispute are so resolved, the Closing Statement (as so modified) shall be conclusive and binding on all Parties.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bio Key International Inc)

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