Executive Conferencing Clause Samples
The Executive Conferencing clause establishes a formal process for senior representatives of the parties to meet and discuss significant issues or disputes arising under the agreement. Typically, this clause requires that before initiating formal dispute resolution procedures, such as arbitration or litigation, the parties must first attempt to resolve their differences through direct discussions between executives. This approach encourages early, good-faith negotiation at a high level, aiming to resolve conflicts efficiently and preserve business relationships without resorting to costly or adversarial proceedings.
Executive Conferencing. Either party may refer any dispute that cannot be resolved by the managers directly involved to an Executive Conference for resolution. If a dispute is referred to Executive Conference, the referring party shall designate any manager senior to those whose day to day responsibility is involved in the dispute (or the CEO if no other senior manager can be designated); shall describe the dispute in terms sufficient to inform the other party fairly of all matters involved therewith; and shall propose several alternate dates within one month to meet to resolve the dispute. The other party shall likewise designate a manager senior to those whose day to day responsibility is involved in the dispute (or the CEO if no other senior manager can be designated), and shall select one of the offered dates. On that date the designated managers shall meet in person, at a place reasonably agreed by those managers. The designated managers shall have full power to resolve the dispute, and shall meet alone, with such documents as they wish, and each shall commit at least one full business day to the process (more if the they both consent.) consent). Each may be accompanied by such additional people as they both may agree during such times as they both may agree.