Common use of Elevation of Dispute Clause in Contracts

Elevation of Dispute. (a) If the dispute is not settled by the Parties within thirty (30) days of written notice of the dispute, it will be referred to, on the part of the Contractor, the most senior executive of the Contractor resident in Timor-Leste and on the part of the Ministry, a senior executive of the Ministry. Those senior executives will use all reasonable endeavours, acting in good faith, to negotiate a resolution of the dispute. (b) If the senior executives of the Parties have settled the dispute, that resolution will be documented and signed by the Parties within fifteen (15) days of reaching that resolution.

Appears in 2 contracts

Samples: Production Sharing Contract, Production Sharing Contract

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Elevation of Dispute. (a) If the dispute is not settled by the Parties within thirty (30) days Days of written notice of the dispute, it will be referred to, on the part of the Contractor, the most senior executive of the Contractor resident in Timor-Leste and on the part of the Ministry, a senior executive of the Ministry. Those senior executives will use all reasonable endeavours, acting in good faith, to negotiate a resolution of the dispute. (b) If the senior executives of the Parties have settled resolve the dispute, that resolution will be documented and signed by the Parties within fifteen (15) days Days of reaching that resolution.

Appears in 2 contracts

Samples: Offshore Production Sharing Contract, Production Sharing Contract

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Elevation of Dispute. (a) If the dispute is not settled by the Parties within thirty (30) days of written notice of the dispute, it will be referred to, on the part of the Contractor, the most senior executive of the Contractor resident in Timor-Leste and on the part of the MinistryANP, a senior executive of the MinistryANP. Those senior executives will use all reasonable endeavours, acting in good faith, to negotiate a resolution of the dispute. (b) If the senior executives of the Parties have settled resolve the dispute, that resolution will be documented and signed by the Parties within fifteen (15) days of reaching that resolution.

Appears in 1 contract

Samples: Production Sharing Contract

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