Common use of Duty to Negotiate in Good Faith Clause in Contracts

Duty to Negotiate in Good Faith. Any dispute that in the judgment of any Party to the Agreement may materially or substantially affect the performance of any Party will be reduced to writing and delivered to the other Party within 10 business days. The Parties must then negotiate in good faith and use every reasonable effort to resolve the dispute and the Parties will not resort to any formal proceedings unless they have reasonably determined that a negotiated resolution is not possible and notified the other Party. The resolution of any dispute disposed of by agreement between the Parties will be reduced to writing and delivered to all Parties within 10 business days.

Appears in 4 contracts

Samples: And Referral Services, Agreement by And, contracts.hhs.texas.gov

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