Common use of Formal Dispute Resolution Process Clause in Contracts

Formal Dispute Resolution Process. In case of any disagreement arising from the implementation of this Settlement Agreement, any party may initiate the formal dispute resolution process after the parties have attempted to resolve the disagreement informally. To initiate the formal dispute resolution process, a requesting party shall provide written notice to the other party that describes the issue in dispute. Upon receiving a notice of formal dispute, the parties signatories or their designated representatives shall convene a meeting within 30 days to consider the dispute and may resolve any or all issues or refer any or all issues in dispute back to the originating parties with specific instructions and a deadline for reporting back to the designated executives. The parties by mutual agreement may employ any other alternative dispute resolution procedures they deem useful under the circumstances. If the parties’ signatories or designated representatives fail to resolve the dispute within 30 days upon meeting convened to resolve the dispute, or a dispute is not resolved within the timeframe established by the designated executives, the dispute resolution process shall then be deemed complete and any party may seek any and all remedies within their authority and rights to so. Upon completing the dispute resolution process, the designated executives or their representatives shall prepare a joint statement of the remaining issues in dispute, which may also include a discussion of how to resolve such issues consistent with this Settlement Agreement.

Formal Dispute Resolution Process. In the case of any disagreement arising from the implementation of this Settlement Agreementthe MOA, any party may initiate the formal dispute resolution process after the parties Parties have attempted in good faith to resolve the disagreement informally. To initiate the formal dispute resolution process, a requesting party Party shall provide written notice to the other party Party that describes the issue issues in dispute. Upon receiving a notice of formal dispute, the parties Parties’ signatories or their designated representatives shall convene a meeting within 30 days to consider the dispute and may resolve any or all issues or refer any or all issues in dispute back to the originating parties individuals with specific instructions and a deadline for reporting back to the designated executives. The parties by mutual agreement may employ , or institute any other alternative dispute resolution procedures they deem it deems useful under the circumstances. If the partiesParties’ signatories or designated representatives fail to resolve the dispute within 30 days upon the meeting convened to resolve the dispute, or a dispute is not resolved within the timeframe established by the designated executives, the dispute resolution process shall then be deemed complete completed and any Party may withdraw from this MOA. Unless a party may seek any and all remedies within their authority and rights seeks to so. Upon withdraw, upon completing the dispute resolution process, the designated executives or their representatives shall prepare a joint statement of the remaining issues in dispute, which may also include a discussion of how to resolve such issues consistent with this Settlement Agreementthe MOA.