Common use of Finality of Disputes Clause in Contracts

Finality of Disputes. No claims shall be brought for disputes arising from this Agreement more than 24 months from the date of occurrence which gives rise to the dispute. If any portion of an amount due to SWBT under such agreement is subject to a bona fide dispute between the Parties, LSP shall within fourteen (14) days of its receipt of the invoice containing such disputed amount give notice to SWBT of the amounts it disputes and include in such notice the specific details and reasons for disputing each item. LSP shall pay when due (i) all undisputed amounts to SWBT and (ii) all Disputed Amounts into an interest bearing escrow account with a third party escrow agent mutually agreed upon by the Parties.