Dispute Resolution; Mediation. In the event of any dispute arising between the Parties out of or in connection with this Agreement, the Parties shall use their best endeavours to settle amicably such dispute by consultation and negotiation. In the event the Parties are not able to resolve any dispute that arises out of or is related to this Agreement, the Parties shall first to try in good faith to settle the dispute by mediation, the cost of which shall be assumed equally by both parties. Either party may initiate the mediation by providing a written request to the other party.
Appears in 2 contracts
Samples: Licensing Agreement, Licensing Agreement (Nuvilex, Inc.)
Dispute Resolution; Mediation. In the event of any dispute arising between the Parties arising out of or in connection with related to this AgreementAgreement (“Dispute”), the Parties shall use their best endeavours to settle amicably such dispute Dispute by consultation and negotiation. In the event the Parties are not able to resolve any dispute that arises out of or is related to this AgreementDispute, the Parties shall first to try in good faith to settle the dispute Dispute by mediation, the cost of which shall be assumed equally by both partiesParties. Either party Party may initiate the mediation by providing a written request to the other partyParty.
Appears in 2 contracts
Samples: Licensing Agreement, Licensing Agreement (Nuvilex, Inc.)
