Common use of Governing Law, Dispute Resolution and Jurisdiction Clause in Contracts

Governing Law, Dispute Resolution and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to the conflicts of laws principles thereof. All disputes, controversies or claims (disputes arising out of or relating to this Agreement shall in the first instance be the subject of a meeting between a representative of each Party who has decision-making authority with respect to the matter in question. Should the meeting either not take place or not result in a resolution of the dispute within twenty (20) business days following notice of the dispute to the other Party, then the dispute shall be resolved in a binding arbitration proceeding to be held in New York, New York, in accordance with the international rules of the American Arbitration Association. The Parties agree that a panel of three arbitrators shall be required. Any award of the arbitrators shall be deemed confidential information for a minimum period of five years. The arbitrators may award attorneys' fees and other arbitration related expense, as well as pre- and post-judgment interest on any award of damages, to the prevailing Party, in their sole discretion.

Governing Law, Dispute Resolution and Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State state of New York, York without giving effect without giving effect to the conflicts of laws principles thereof. All disputes, controversies or claims (disputes “Disputes”) arising out of or relating to this Agreement shall in the first instance be the subject of a meeting between a representative of each Party party who has decision-decision making authority with respect to the matter in question. Should the meeting either not take place or not no result in a resolution of the dispute Dispute within twenty (20) business days following notice of the dispute Dispute to the other Partyparty, then the dispute Dispute shall be resolved in a binding arbitration proceeding to be held in the City and state of New York, New York, United States of America in accordance with the international rules of the American Arbitration Association. The Parties parties agree that a panel of three arbitrators shall be required. Any award of the arbitrators shall be deemed confidential information for a minimum period of five years. The arbitrators may award attorneys' attorney’s fees and other arbitration related expense, as well as pre- and post-judgment interest on any award of damages, expenses to the prevailing Party, party in their sole discretion.