Common use of Escalation to Executive Officers Clause in Contracts

Escalation to Executive Officers. In the event of any dispute arising between the Parties in connection with this Agreement, the construction thereof, or the rights, duties or liabilities of either Party and such Party’s Affiliates, then such dispute shall be escalated to the respective Executive Officers of the Parties for resolution. If the Executive Officers cannot resolve such dispute within thirty (30) days, then, except as otherwise set forth herein, such dispute shall be resolved by binding arbitration as set forth in Section 13.1.2 below.

Appears in 3 contracts

Samples: Collaborative Research and License Agreement, Collaborative Research and License Agreement (Paratek Pharmaceuticals, Inc.), Collaborative Research and License Agreement (Paratek Pharmaceuticals Inc)

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Escalation to Executive Officers. In Except as otherwise set forth in this Agreement, in the event of any a dispute arising under this Agreement between the Parties in connection with this Agreement, that is not subject to the construction thereof, jurisdiction of the JSC or the rightsfinal decision-making authority of a Party under Section 4.5, duties or liabilities of either Party shall have a right to refer such dispute to the Executive Officers and such Party’s Affiliates, then such dispute shall be escalated to the respective Executive Officers of the Parties for resolutionshall attempt in good faith to resolve such dispute. If the Executive Officers cannot are unable to resolve such a given dispute within thirty (30) daysdays of the matter being referred to them, then, except as otherwise set forth herein, such either Party shall have the dispute shall be resolved settled by binding arbitration as set forth in pursuant to Section 13.1.2 below13.9(b).

Appears in 1 contract

Samples: Exclusive License Agreement (Alimera Sciences Inc)

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Escalation to Executive Officers. In the event of any dispute arising between the Parties in connection with this Agreement, the construction thereof, or the rights, duties or liabilities of either Party and such Party’s Affiliates, then such dispute shall be escalated to the respective Executive Officers of the Parties for resolution. If the Executive Officers cannot resolve such dispute within thirty (30) days, then, except as otherwise set forth herein, such dispute shall be resolved by binding arbitration as set forth in Section 13.1.2 below. 13.1.2.

Appears in 1 contract

Samples: Collaborative Research and License Agreement (Paratek Pharmaceuticals, Inc.)

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