Common use of Duty to Negotiate Clause in Contracts

Duty to Negotiate. The Parties shall inform one another promptly following the occurrence or discovery of any item or event which might reasonably be expected to result in a dispute in connection with the Agreement. The Parties will attempt to resolve satisfactorily any such matters.

Appears in 3 contracts

Samples: Exploration Participation Agreement (Ridgewood Energy P Fund LLC), Exploration Participation Agreement (Ridgewood Energy U Fund LLC), Offshore Operating Agreement (Ridgewood Energy Q Fund LLC)

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Duty to Negotiate. The Parties shall inform one another promptly following the occurrence or discovery of any item or event which might reasonably be expected to result in a dispute Dispute in connection with the Agreement. The Parties will attempt to resolve satisfactorily any such matters.

Appears in 2 contracts

Samples: Model Form Agreement, Offshore Operating Agreement (Ridgewood Energy P Fund LLC)

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Duty to Negotiate. The Parties shall inform one another promptly following the occurrence or discovery of any item or event event, which might reasonably be expected to result in a dispute Dispute in connection with the Agreement. The Parties will attempt to resolve satisfactorily any such matters.

Appears in 2 contracts

Samples: Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp), Operating Agreement (Anadarko Petroleum Corp)

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