Governing Law; Dispute Resolution. A. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California. B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute. C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles. D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 4 contracts
Samples: Distribution Agreement (Minerco Resources, Inc.), Distribution Agreement (Minerco Resources, Inc.), Distribution Agreement (Minerco Resources, Inc.)
Governing Law; Dispute Resolution. A. 11.3.1 This Agreement, and any disputes between the Parties related to or arising out of this Agreement shall (including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement) (each a “Dispute”), will be governed by and construed in accordance with the laws of the State of California, Delaware without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 11.3.2 In the event of any dispute or controversy arising out Dispute, a Party may notify the other Party in writing of or in any way related to this Agreementsuch Dispute, the matters and such Dispute will be promptly referred to herein, [***] (“Senior Officers”) of each of the Parties (or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties their respective designees) who will attempt in use their good faith efforts to resolve through negotiation the Dispute within [***] after it was referred to such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the DisputeSenior Officers. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place such Senior Officers are unable to resolve such dispute within thirty (30) calendar days of the date of the initial notice their first meeting for such negotiations, either Party may seek to have such dispute resolved in order to exchange relevant information and perspectives, and to attempt to resolve the Disputeaccordance with Section 11.3.3.
C. If 11.3.3 Any dispute arising under this Agreement, or other legal proceeding relating to this Agreement or the Dispute is enforcement of any provision of this Agreement, if not resolved by these negotiationsthe Senior Officers pursuant to Section 11.3.2, such Dispute shall must be settled brought or otherwise commenced solely and exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules courts of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party competent jurisdiction located in the arbitration proceedingscity of Wilmington, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authorityDelaware. Before making any disclosure permitted by Consistent with the preceding sentence, a party shall give the other party reasonable advance written notice each of the intended disclosure Parties: (a) expressly and an opportunity irrevocably consents and submits to prevent disclosure. Any award issued as a result the jurisdiction of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having courts of competent jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting city of Wilmington, Delaware in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of connection with any such breach, or threatened breach, the breaching party legal proceeding; (b) expressly agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court courts of competent jurisdiction in the city of Wilmington, Delaware shall be deemed to prevent be a convenient forum; and (c) expressly agrees not to assert (by way of motion, as a defense or curtail otherwise), in any such breachlegal proceeding commenced in the courts of competent jurisdiction in the city of Wilmington, or threatened breachDelaware, and any claim that such Party is not subject personally to specific performance the jurisdiction of any covenant contained hereinsuch court, that such legal proceeding has been brought in each case without the proof of actual damage or any bond or similar security being postedan inconvenient forum, in order that the breach, or threatened breach, venue of such provisions may be effectively restrained. The parties agree proceeding is improper or that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will the subject matter of this Agreement may not assert as a claim be enforced in or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawby such court.
Appears in 4 contracts
Samples: License Agreement, License Agreement (AVROBIO, Inc.), License Agreement (AVROBIO, Inc.)
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between KCS, on the one hand, and one or more of GTMM or TFM, on the other hand (each of KCS, on the one hand, and one or more of GTMM or TFM, on the other hand, a "Dispute Party" and together, the "Dispute Parties") arising from or in connection with this Agreement or any transactions contemplated by this Agreement, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, ("Disputes") including Disputes arising in connection with claims by third persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this §11.10; provided, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES HERETO AND THE ADJUDICATION AND ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS THEREOF.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Dispute Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Dispute Parties may initiate this procedure by delivery of written notice of the Dispute (the "Dispute Notice") to the other party, setting forth the subject other. Not later than 20 days after delivery of the DisputeDispute Notice, one executive of one of the Dispute Parties with authority to settle the Dispute shall meet with the one executive of the other Dispute Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to executives shall exchange relevant information and perspectives, and to attempt endeavor to resolve the Dispute. Prior to any such meeting, each Dispute Party's executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this §11.10(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
C. If the (d) Each Dispute is Party hereby agrees to submit all Disputes not resolved by these negotiations, such Dispute shall be settled exclusively by pursuant to §11.10(c) hereof to final and binding arbitration in Los AngelesNew York, California New York. Either Dispute Party may initiate such arbitration by delivery of a demand therefor (the "Arbitration Demand") to the other Dispute Party not sooner than 60 days after the date of delivery of the Dispute Notice but promptly thereafter; provided, that if a Dispute Party rejects participation in the procedures provided under §11.10(c), the other Dispute Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such rejection, including attorney's fees and expenses, Arbitration Costs (as defined below) in connection with arbitration hereunder.
(i) Three Arbitrators shall be appointed (the "Arbitrators"), one of whom shall be appointed by KCS, one by GTMM, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two Arbitrators within 10 business days of the first two Arbitrators confirmation by the American Arbitration Association. If either Dispute Party fails to appoint an Arbitrator within 10 business days of a request in writing by the other Dispute Party to do so or if the first two Arbitrators cannot agree on the appointment of the third Arbitrator within 10 business days of their confirmation by the American Arbitration Association, then such Arbitrator shall be appointed by the American Arbitration Association in accordance with its International Arbitration Rules. As soon as the arbitration tribunal has been convened, a hearing date shall be set within 15 days thereafter; provided, that the Arbitrators may extend the date of the hearing upon request of any Dispute Party to the extent necessary to insure that such Dispute Party is given a reasonable period of time to prepare for the hearing. Written submittals in the English language shall be presented and exchanged by both Dispute Parties five business days before the hearing date. At such time the Dispute Parties shall also exchange copies of all documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to call to testify at the hearing. The Arbitrators shall make their determination as promptly as practicable after conclusion of the hearing.
(ii) The arbitration shall be conducted in the English language pursuant to the Commercial Arbitration Rules of American Arbitration Association. Notwithstanding the foregoing, (A) each Dispute Party shall have the right to audit the books and records of the other Dispute Party that are reasonably related to the Dispute; (B) each Dispute Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Dispute Party intends to present in such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Dispute Party may at its expense make a stenographic record thereof.
(iii) The Arbitrators shall endeavor to complete all hearings not later than 120 days after their tribunal has been convened, and shall make a final award as promptly as practicable thereafter. Such award shall be communicated, in writing, by the Arbitrators to the Dispute Parties, and shall contain specific findings of fact and conclusions of law in accordance with the then current rules governing law set forth in §11.10(c) of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureAgreement. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction, including expressly the courts of the State of Delaware, United States of America, and the courts of the Federal District of Mexico. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators' fees and expenses, fees and expenses of experts and fees and expenses of translators ("Arbitration Costs") between the prevailing and non-prevailing Dispute Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against on grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Dispute Party has rejected participation in procedures under §11.10(c), the Arbitrators may assess all Arbitration Costs against the non-prevailing Dispute Party and may include in the award the prevailing Dispute Party's attorney's fees and expenses in connection with any and all proceedings under this §11.10. Notwithstanding the foregoing, in no event may the arbitrator award multiple or punitive damages.
(e) Pursuant to an agreement of the Parties or a judicial determination that a Dispute is not subject to final and binding arbitration as set forth in §11.10, KCS and each of GTMM and TFM irrevocably agrees that any legal action or proceeding against it with respect to this Agreement and any transaction contemplated by this Agreement shall be brought only in the courts of the State of Delaware, or of Federal courts of the United States of America sitting in Delaware, and by execution and delivery of this Agreement, KCS and each of GTMM and TFM irrevocably submits to the venue and jurisdiction over of each such court and irrevocably waives any objection or defense such party may have to venue or personal jurisdiction in any such court for the party against whom enforcement is sought. By entering into purpose of resolving any claim, dispute, cause of action arising out of or related to this Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court enforcement of law or before a jury the terms of this Agreement and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedterms contemplated hereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(f) Each of the Parties irrevocably appoints CT Corporation (the "Process Agent"), at 0000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxx of Xxx Xxxxxx, Xxxxxxxx 00000 (302-658-7581), as its agent and true and lawful attorney-in-fact in its name, place and stead to accept on behalf of each of the Parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of Delaware, and each of the Parties agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
Appears in 3 contracts
Samples: Stock Purchase Agreement (TMM Holdings Sa De Cv), Stock Purchase Agreement (Grupo TMM Sa), Stock Purchase Agreement (Grupo TMM Sa)
Governing Law; Dispute Resolution. A. This Agreement shall will be governed by by, and construed in accordance with with, the laws Laws of the State of CaliforniaNew York (except that the NRS shall govern (a) the internal affairs of the Company and Merger Sub and any other entities that are organized and existing under the Laws of the State of Nevada, including the fiduciary duties of the directors and officers thereof, (b) the Merger, and (c) all other provisions of, or transactions contemplated by, this Agreement, or any other matters, to which the NRS mandatorily applies), without giving effect to any applicable principles or rules regarding conflicts of conflict of laws (either of the State of California or any other jurisdiction) that would cause the application Laws of another jurisdiction to govern this Agreement. Each of the law parties hereto irrevocably agrees that any Action with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations hereunder brought by the other party hereto or its successors or assigns shall be brought and determined in any federal court located in the Borough of Manhattan, in The City of New York, or the New York State Supreme Court Commercial Division in and for New York County, New York. Each of the parties hereto agrees that mailing of process or other papers in connection with any such Action in the manner provided in Section 9.02 or in such other manners as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby irrevocably submits with regard to any such Action for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any Action relating to this Agreement or any of the Transactions in any court or tribunal other than the State aforesaid courts. Each of California.
B. In the event parties hereto irrevocably waives, and agrees not to assert, by way of any dispute motion, as a defense, counterclaim or controversy arising out of or otherwise, in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant Action with respect to this Agreement (eachand the rights and obligations arising hereunder, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations or for recognition and enforcement of any Dispute by providing written notice judgment in respect of this Agreement and the rights and obligations arising hereunder (i) any claim that it is not personally subject to the other party, setting forth the subject jurisdiction of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution aforesaid courts for any reason other than the failure to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration serve process in accordance with this Agreement shall be decided by one Section 9.08, (1ii) neutral arbitrator who any claim that it or its property is a retired judge exempt or attorney licensed immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to practice law judgment, attachment in California with at least fifteen aid of execution of judgment, execution of judgment or otherwise) and (15iii) years of experience in complex commercial transactions. If to the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure fullest extent permitted by applicable Law, any claim that (x) the preceding sentenceAction in such court is brought in an inconvenient forum, a party shall give (y) the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result venue of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement Action is sought. By entering into improper or (z) this Agreement, or the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D subject matter hereof, which shall may not be resolved exclusively enforced in the state or federal courts sitting in the County of Los Angelesby such courts.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 3 contracts
Samples: Merger Agreement (Full Alliance International LTD), Merger Agreement (Yongye International, Inc.), Merger Agreement (Morgan Stanley)
Governing Law; Dispute Resolution. A. This 11.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 11.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 10 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
11.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesWilmington, California Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and non-appealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys’ fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 3 contracts
Samples: Employment Agreement (Alj Regional Holdings Inc), Employment Agreement (Alj Regional Holdings Inc), Employment Agreement (Alj Regional Holdings Inc)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be interpreted, construed and governed by and construed in accordance with the Laws of the State of New York without regard to the conflicts of law principles thereof, except that the following matters arising out of or relating to this Agreement shall be interpreted, construed and governed by and in accordance with the Laws of the Cayman Islands in respect of which the parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of the courts of the Cayman Islands: the Merger, the vesting of the undertaking, property and liabilities of Merger Sub in the Surviving Corporation, the cancellation of the Shares, the rights provided for in Section 238 of the Cayman Companies Law with respect to any Dissenting Shares, the fiduciary or other duties of the Company Board and the directors of Merger Sub and the internal corporate affairs of the Company and Merger Sub.
(b) All Actions arising under the laws of the State of CaliforniaNew York out of or relating to this Agreement shall be heard and determined exclusively in any New York federal court sitting in the Borough of Manhattan of The City of New York; provided, without giving effect however, that if such federal court does not have jurisdiction over such Action, such Action shall be heard and determined exclusively in any New York state court sitting in the Borough of Manhattan of The City of New York. Each of the parties hereto agrees that serving of process or other papers in connection with any such Action in any manner permitted by Section 10.02 or in such other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby (a) submit to the exclusive jurisdiction of any principles federal or rules regarding conflicts state court sitting in the Borough of Manhattan of The City of New York for the purpose of any Action arising under the laws (either of the State of California New York out of or relating to this Agreement brought by any other jurisdictionparty hereto and (b) irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any Action with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder (i) any claim that would cause it is not personally subject to the application jurisdiction of the law of aforesaid courts for any other jurisdiction reason other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related failure to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration serve process in accordance with this Agreement shall be decided by one Section 10.07(b), (1ii) neutral arbitrator who any claim that it or its property is a retired judge exempt or attorney licensed immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to practice law judgment, attachment in California with at least fifteen aid of execution of judgment, execution of judgment or otherwise) and (15iii) years of experience in complex commercial transactions. If to the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure fullest extent permitted by applicable Law, any claim that (A) the preceding sentenceAction in such court is brought in an inconvenient forum, a party shall give (B) the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result venue of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement Action is sought. By entering into improper or (C) this Agreement, or the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D subject matter hereof, which shall may not be resolved exclusively enforced in the state or federal courts sitting in the County of Los Angelesby such courts.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 3 contracts
Samples: Merger Agreement (Sequoia Capital China I Lp), Merger Agreement (Le Gaga Holdings LTD), Merger Agreement (Chiu Na Lai)
Governing Law; Dispute Resolution. A. 15.4.1 This Agreement, and any disputes between the Parties related to or arising out of this Agreement, including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement shall (each a “Dispute”), will be governed by and construed in accordance with the laws of the State of California, New York without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 15.4.2 In the event of any dispute Dispute, a Party may notify the other Party in writing of such Dispute, and the Parties will try to settle such Dispute amicably between themselves. If the Parties are unable to resolve the Dispute within *** Business Days of receipt of the written notice by the other Party, such Dispute will be referred to the Chief Executive Officers of each of the Parties (or controversy arising out their respective designees) who will use their good faith efforts to resolve the Dispute within *** Business Days after it was referred to the Chief Executive Officers.
15.4.3 Any Dispute that is not resolved as provided in Section 15.4.2, whether before or after termination of or in any way related to this Agreement, will be resolved by litigation in the matters referred to hereincourts of competent jurisdiction located in New York, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such DisputeNew York. Either party may initiate negotiations of any Dispute by providing written notice Each Party hereby agrees to the other party, setting forth the subject of the Dispute. The recipient exclusive jurisdiction of such notice will respond in writing within ten (10) calendar days with a statement of its position on courts and recommended solution waives any objections as to the Dispute. If the Dispute is not resolved by this exchange personal jurisdiction or venue of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Disputesuch courts.
C. If 15.4.4 Notwithstanding the foregoing, nothing in this Section 15.4 (Governing Law; Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1Resolution) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional limit either Party’s right to have any Disputes decided seek immediate temporary injunctive or other temporary equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 3 contracts
Samples: Collaboration and License Agreement (Pozen Inc /Nc), Collaboration and License Agreement (Pozen Inc /Nc), Collaboration and License Agreement (Pozen Inc /Nc)
Governing Law; Dispute Resolution. A. This Agreement shall be governed by interpreted and construed in accordance with the substantive laws (excluding its conflicts of law and choice of law provisions) of the State of CaliforniaNew York and the United States of America with the same force and effect as if fully executed and to be fully performed therein. All actions or proceedings arising in connection with, without giving effect to any principles touching upon or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related relating to this Agreement, the matters referred to herein, or breach thereof and/or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject scope of the Dispute. The recipient provisions of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute Section13.11 shall be settled exclusively by submitted to JAMS for final and binding arbitration under its Comprehensive Arbitration Rules and Procedures if the matter in Los Angelesdispute is over $250,000 or under its Streamlined Arbitration Rules and Procedures if the matter in dispute is $250,000 or less, California to be held in New York, New York, before a single arbitrator who shall be a retired judge, in accordance with the then current rules New York Civil Practice Law & Rules Section 7501 et seq. The arbitrator shall be selected by mutual agreement of the American Arbitration Association (“AAA”)parties or, if the parties cannot agree, then by striking from a list of arbitrators supplied by JAMS. The parties agree that Notwithstanding the foregoing, if any and all Disputes that are submitted to arbitration action or proceeding arising under or in accordance connection with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years alleges the infringement of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said either party’s intellectual property rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in to such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party proceeding will have available the right to preliminary opt out of arbitration and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any have such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth action heard in the Agreement applicable federal or as set forth hereinstate court in New York, New York. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawTHE PARTIES HEREBY WAIVE THEIR RIGHT TO JURY TRIAL WITH RESPECT TO ALL CLAIMS AND ISSUES ARISING UNDER, IN CONNECTION WITH, TOUCHING UPON OR RELATING TO THIS AGREEMENT, THE BREACH THEREOF AND/OR THE SCOPE OF THE PROVISIONS OF THIS ARTICLE, WHETHER SOUNDING IN CONTRACT OR TORT, AND INCLUDING ANY CLAIM FOR FRAUDULENT INDUCEMENT THEREOF.
Appears in 3 contracts
Samples: Content Hosting Services Agreement, Content Hosting Services Agreement, Content Hosting Services Agreement
Governing Law; Dispute Resolution. A. This Agreement shall be governed by by, and construed in accordance with with, the laws Laws of the State of CaliforniaMaryland applicable to contracts executed in and to be performed in that State, without giving effect and the MGCL, specifically, shall govern with respect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) Merger and those provisions set forth herein that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy are required to be governed by it. All actions and proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in a court of competent jurisdiction located in Orange County, California. The parties hereto hereby (a) submit to the exclusive jurisdiction of any such court for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (b) irrevocably waive, and agree not to assert by way of motion, defense, or otherwise, in any way related such Action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts. Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 9.02 as to giving notice hereunder shall be deemed effective service of process on such party. If a dispute arises out of or relates to this Agreement, the matters referred parties agree first to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt try in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute settle the dispute by providing written notice mediation before resorting to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”)or litigation. The parties agree that the mediator shall be chosen no later than thirty (30) days after the submission of a claim by either party. If the parties cannot agree on the selection of a mediator, one shall be selected by the American Arbitration Association. The fees and expenses of the mediator shall be borne equally by the parties. If the controversy is not resolved through mediation in accordance with the foregoing, the parties agree that any controversy or claim arising out of or relating to this Agreement shall be determined by binding arbitration that shall be subject to and all Disputes that are submitted to shall be conducted by a single arbitration in accordance with this Agreement the United States Arbitration Act. The arbitrator shall have authority to award damages and grant other relief he deems appropriate. The arbitrator shall give effect to statues of limitation in determining any claim. Any controversy concerning whether an issue is arbitrable, shall be decided determined by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling Judgment upon the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as award may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by entered in any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputesjurisdiction. The prevailing party in such arbitration fees and expenses of arbitrator and AAA shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced borne equally by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesparties.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Merger Agreement (Strategic Storage Trust, Inc.), Merger Agreement (Strategic Storage Trust, Inc.)
Governing Law; Dispute Resolution. A. This Agreement All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed by and construed and enforced in accordance with the internal laws of the State of CaliforniaNew York, without giving effect regard to any the principles or rules regarding of conflicts of laws (either law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the State of California or transactions contemplated by this Agreement and any other jurisdictionTransaction Documents (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders, employees or agents) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or and federal courts sitting in the County City of Los Angeles.
D. New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that a breach such service shall constitute good and sufficient service of its obligations under Paragraph 14 will result process and notice thereof. Nothing contained herein shall be deemed to limit in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the any way any right to preliminary and permanent injunctive relief and other equitable relief issued serve process in any manner permitted by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedlaw. The parties agree that this remedy hereby waive all rights to a trial by jury. If either party shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any commence an action or proceeding to enforce any provision hereof that provisions of the Transaction Documents, then the prevailing party in such action or proceeding shall be reimbursed by the other party has for its attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or had an adequate remedy at lawproceeding.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (International Stem Cell CORP), Preferred Stock Purchase Agreement (International Stem Cell CORP)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with with, and governed in all respects by, the laws of the State of California, Delaware (without giving effect to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) that would cause require the application of the law of any other jurisdiction other than the State of Californialaw).
B. In (b) Except with respect to any claim seeking injunctive relief hereunder, in the event of any dispute controversy or controversy claim arising out of of, relating to or in connection with any way related to provision of this Agreement, the matters referred to herein, Agreement or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”)rights or obligations of the parties hereunder, the parties will attempt in good faith try to resolve through negotiation such Disputesettle their differences amicably between themselves as contemplated herein. Either To the extent not provided for herein, any party may initiate negotiations of any Dispute such informal dispute resolution by providing sending written notice of the dispute to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing and within ten (10) calendar days after such notice, the Chief Executive Officer (or his or her designee) of Buyer will meet with a statement the Chief Executive Officer (or his or her designee) of its position on and recommended solution to the DisputeSeller, for attempted resolution by good faith negotiations. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt such Persons are unable to resolve the Dispute.
C. If the Dispute is not resolved by these negotiationspromptly such disputed matter, such Dispute dispute shall be finally settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current commercial arbitration rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration , then in accordance with this Agreement shall be decided force, by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings appointed in accordance with applicable AAA proceduressaid rules, provided that the appointed arbitrator shall have appropriate experience in the biopharmaceutical industry. All The place of arbitration proceedings shall be confidentialSan Francisco, California. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any The award issued as a result of such arbitration rendered shall be final and binding between upon all parties participating in such arbitration. The judgment rendered by the parties thereto arbitrator may, at the arbitrator’s discretion, include costs of arbitration, reasonable attorneys’ fees and shall reasonable costs for any expert and other witnesses. Judgment upon the award may be enforceable by entered in any court having jurisdiction over jurisdiction, or application may be made to such court for judicial acceptance of the party against whom award and/or an order of enforcement is sought. By entering into this Agreement, as the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ feescase may be. The parties agree that this clause has been included to rapidly and inexpensively use their good faith efforts to resolve the dispute within six (6) months of receipt of the original notice of dispute. Notwithstanding the foregoing, any disputes between them with respect to this Agreementregarding the scope, and that this clause validity, enforceability or inventorship of any patents or patent applications shall be grounds submitted for dismissal of any court action commenced final resolution by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawjurisdiction.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Intermune Inc), Asset Purchase Agreement (Targanta Therapeutics Corp.)
Governing Law; Dispute Resolution. A. (a) This Agreement and the legal relations among the parties shall be governed by and construed in accordance with the laws of the State of CaliforniaTexas, without giving effect to excluding any principles or rules regarding conflicts of law rule or principle that might refer construction of such provisions to the laws (either of the State of California or any other another jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any (b) Any controversy, dispute or controversy claim arising out of or in any way related relating to this Agreement, Agreement or the matters referred to hereinTransaction Documents, or the Products to be supplied by Supplier pursuant to this Agreement transactions contemplated thereby (each, a “Dispute”) shall be resolved in accordance with this Section 14.12. Any party may give the other party written notice (a “Dispute Notice”) of any Dispute which has not been resolved in the normal course of business. Within 15 business days after delivery of the Dispute Notice, the receiving party shall submit to the other party a written response (the “Response”). The Dispute Notice and the Response shall each include (i) a statement setting forth the position of the party giving such notice, a summary of the arguments supporting such position and, if applicable, the relief sought and (ii) the name and title of a senior manager of such party who has authority to settle the Dispute and will be responsible for the negotiations related to the settlement of the Dispute (the “Senior Manager”).
(c) Within 10 days after the delivery of the Response provided for in Section 14.12(b), the Senior Managers of both parties will attempt shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, and shall negotiate in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the DisputeDispute that is the subject of such Dispute Notice. It is agreed between the parties that the content of any communications pursuant to this Section 14.12(c) will be and shall remain confidential. The parties, on behalf of themselves and their attorneys, hereby agree that they will not in any way reveal the content or terms of any such communications to any person, firm, corporation, or entity, with the exception that the disclosure shall not be a violation of this paragraph where the same is required by Law or court order, or any agency or authority having jurisdiction to require disclosure; provided further, however, that the parties may disclose the content or terms of such communications to their attorneys, accountants, trustees, financial advisors and/or their tax related consultants, as may be necessary in their business affairs. If such Dispute has not been resolved within 30 days after delivery of the Dispute Notice, then the parties may proceed to arbitration pursuant to Section 14.12(d).
C. If (d) Except as specifically otherwise provided in this Agreement, the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes arising from or related to this Agreement that are submitted cannot be amicably settled pursuant to Section 14.12(c), shall be determined solely and exclusively by arbitration in accordance with this Agreement the Federal Arbitration Act and using the rules of the American Arbitration Association or any successor thereof when not in conflict with such act. Arbitration shall take place at an appointed time and place in Tulsa, Oklahoma. Each party shall select one impartial arbitrator, and the two so designated shall select a third impartial arbitrator. If either party shall fail to designate an arbitrator within 14 days after arbitration is requested, or if the two arbitrators shall fail to select a third arbitrator within 30 days after arbitration is requested, then an arbitrator shall be decided selected by one (1) neutral arbitrator who is a retired judge or attorney licensed the Senior U.S. District Judge for the Northern District of Oklahoma. Discovery shall be made pursuant to practice law in California with at least fifteen (15) years the Federal Rules of experience in complex commercial transactions. If Civil Procedure and completed within 45 days of selection of the parties are unable to agree on an arbitrator, AAA shall designate the third arbitrator. The parties will cooperate with AAA and with one another in selecting Final hearing on the matter shall be had within 60 days of the selection of the third arbitrator and in scheduling a final decision (which may include the arbitration proceedings in accordance award of reasonable attorney’s fees and costs) with applicable AAA procedures. All arbitration proceedings a written opinion stating the reasons therefor shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedingsrendered within 75 days of said date, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between binding, and the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving also waive irrevocably their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right form of appeal, and instead review or recourse to any state court or other judicial authority, insofar as such waiver may be validly made. Judgment upon an award of relying on said rights, each party is solely and knowingly accepting the use majority of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration the arbitrators shall be awarded its costs binding. Judgment on the award may be entered and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued enforced by any court of competent jurisdiction to prevent or curtail any such breachjurisdiction. In no event, or threatened breach, and to specific performance of any covenant contained herein, in each case without may the proof of actual damage or any bond or similar security being posted, in order arbitrators award damages that have been waived by the breach, or threatened breach, of such provisions may be effectively restrainedparties under Section 12.10. The parties agree that this remedy arbitration process shall be in addition to all other remedies set forth in the Agreement kept confidential and such conduct, statements, promises, offers, views and opinions shall not be discoverable or as set forth herein. The parties further agrees that they will not assert as a claim or defense admissible in any action or legal proceeding for any purpose, except to the extent reasonably necessary to enforce any provision hereof that the other party has or had an adequate remedy at lawfinal decision of the arbitrators.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Atlas Resource Partners, L.P.)
Governing Law; Dispute Resolution. A. 16.1 This Agreement shall be governed by and construed in accordance with and governed by the laws of Queensland, Seychelles and the State of California, without giving effect parties submit to any principles or rules regarding conflicts of laws (either the jurisdiction of the State Courts of California Queensland.
16.2 Any matters in dispute (providing any matters to do with alleged misuse of Confidential Information or any other jurisdiction) that would cause the application of the law alleged breach of any other jurisdiction other than propriety rights by either party in which case the State of California.
B. In aggrieved party may in its discretion elect to pursue court action and not comply with this clause) which cannot be resolved within a reasonable time by the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant parties to this Agreement (each, shall be referred to mediation before having recourse to determination by a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either court as follows:
16.2.1 A party may initiate negotiations of any Dispute by providing claiming that a dispute has arisen must give written notice to the other party, setting forth party specifying the subject nature of the Dispute. The recipient dispute;
16.2.2 On receipt of such the notice will respond specified in writing Clause 16.2.1, the parties shall use their best endeavours to resolve the dispute within ten fourteen (1014) calendar days with a statement of its position on and recommended solution to the Dispute. days;
16.2.3 If the Dispute dispute is not resolved by this exchange of correspondencewithin fourteen (14) days or within such further period as the parties may agree in writing, then representatives the dispute shall be referred to a mediator selected from a list nominated by the Law Society of each party with full settlement authority will meet at a mutually agreeable time Queensland and place within thirty (30) calendar days agreed by the parties;
16.2.4 The mediation of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California conducted in accordance with the then current rules Mediation Guidelines issued by the Law Society of Queensland (for the time being), which shall be hereby deemed incorporated in this Agreement and which set out the procedures to be adopted, the process of selection of the American mediator and the costs involved;
16.2.5 In the event that the dispute has not been settled within twenty-eight (28) days or such other period as agreed to in writing between the Parties hereto after the appointment of the mediator the dispute shall be submitted to arbitration under the Arbitration Association Guidelines issued by the Law Society of Queensland (“AAA”for the time being), which shall be hereby deemed incorporated in this Agreement. The arbitrator shall not be the same person as the mediator. The number of arbitrators shall be one (1). The parties agree that any place of arbitration shall be Brisbane, Seychelles. The language to be used in the arbitral proceedings shall be English and all Disputes that are submitted to arbitration in accordance with the governing law of this Agreement shall be decided the law as specified in Clause 16.1 above and the decision of the arbitrator shall be binding and final upon the parties;
16.2.6 Despite the existence of a dispute, each party shall continue to perform its obligations under this Agreement; and
16.2.7 The costs of the mediation shall be paid in equal amounts by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate and if there is arbitration the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling costs of the arbitration proceedings shall be paid in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice direction of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesarbitrator.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Distribution License Agreement, Distribution License Agreement
Governing Law; Dispute Resolution. A. This Agreement All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents shall be governed by and construed and enforced in accordance with the laws of the State of CaliforniaNew York, without giving effect regard to any the principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) law that would cause require or permit the application of the law laws of any other jurisdiction other than jurisdiction. Each party agrees that all legal proceedings concerning the State interpretations, enforcement and defense of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied transactions contemplated by Supplier pursuant to this Agreement and any other Transaction Documents (eachwhether brought against a party hereto or its respective affiliates, a “Dispute”)directors, the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other partyofficers, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10shareholders, employees or agents) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or and federal courts sitting in the County City of Los Angeles.
D. New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that a breach such service shall constitute good and sufficient service of its obligations under Paragraph 14 will result process and notice thereof. Nothing contained herein shall be deemed to limit in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the any way any right to preliminary and permanent injunctive relief and other equitable relief issued serve process in any manner permitted by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedlaw. The parties agree that this remedy hereby waive all rights to a trial by jury. If either party shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any commence an action or proceeding to enforce any provision hereof that provisions of the Transaction Documents, then the prevailing party in such action or proceeding shall be reimbursed by the other party has for its reasonable attorneys’ fees and other costs and expenses reasonably incurred in connection with the investigation, preparation and prosecution of such action or had an adequate remedy at lawproceeding.
Appears in 2 contracts
Samples: Preferred Stock Purchase Agreement (MedClean Technologies, Inc.), Preferred Stock Purchase Agreement (MedClean Technologies, Inc.)
Governing Law; Dispute Resolution. A. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of CaliforniaNew Jersey, without giving effect regard to the choice of law principles thereof. Each of the parties agrees that any principles or rules regarding conflicts of laws (either dispute between the parties shall be resolved only in the courts of the State of California New Jersey or the United States District Court for the District of New Jersey and the appellate courts having jurisdiction of appeals in such courts. In that context, and without limiting the generality of the foregoing, each of the parties hereto irrevocably and unconditionally (a) submits in any proceeding relating to this Agreement or the Consultant’s service relationship with the Company or any other jurisdiction) that would cause affiliate, or for the application recognition and enforcement of any judgment in respect thereof (a “Proceeding”), to the exclusive jurisdiction of the law courts of any other jurisdiction other than the State of California.
B. In New Jersey, the event court of the United States of America for the District of New Jersey, and appellate courts having jurisdiction of appeals from any of the foregoing, and agrees that all claims in respect of any dispute such Proceeding shall be heard and determined in such New Jersey State court or, to the extent permitted by law, in such federal court, (b) consents that any such Proceeding may and shall be brought in such courts and waives any objection that the Consultant or controversy arising out the Company may now or thereafter have to the venue or jurisdiction of or any such Proceeding in any way related such court or that such Proceeding was brought in an inconvenient court and agrees not to this Agreementplead or claim the same, (c) WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE CONSULTANT’S SERVICE RELATIONSHIP WITH THE COMPANY OR ANY AFFILIATE OF THE COMPANY, OR THE CONSULTANT’S OR THE COMPANY’S PERFORMANCE UNDER, OR THE ENFORCEMENT OF, THIS AGREEMENT, (d) agrees that service of process in any such Proceeding may be effected by mailing a copy of such process by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party at the matters referred to herein, Consultant’s or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt Company’s address as provided in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectivesSection 11 hereof, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration (e) agrees that nothing in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed affect the right to practice law effect service of process in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure manner permitted by the preceding sentence, a laws of the State of New Jersey. Each party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by responsible for its own legal fees incurred in connection with any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesdispute hereunder.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Consulting Services Agreement (Avis Budget Group, Inc.), Consulting Services Agreement (Avis Budget Group, Inc.)
Governing Law; Dispute Resolution. A. This 19.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 19.2 Each party irrevocably agrees for the event exclusive benefit of the other that any dispute and all suits, actions or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant proceedings relating to this Agreement (each, a “DisputeProceeding”)) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the parties will attempt “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in good faith the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to resolve through negotiation such Dispute. Either party may initiate negotiations the laying of the venue of any Dispute by providing written notice Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
19.3 Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees that (i) to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other party, setting forth the subject parties hereto of the Dispute. The recipient name and address of said agent, (ii) service of process may also be made on such notice will respond in writing within ten (10) calendar days party by pre-paid certified mail with a statement validated proof of its position on and recommended solution mailing receipt constituting evidence of valid service sent to such party at the Dispute. If the Dispute is not resolved by this exchange address set forth in Section 15 of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right as such address may be changed from time to have any Disputes decided in a court of law or before a jury and waive the right of appealtime pursuant hereto, and instead of relying on said rights(iii) service made pursuant to clause (i) or (ii) above shall, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party and, in personally within the event State of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawDelaware.
Appears in 2 contracts
Samples: Executive Chairperson Agreement (vTv Therapeutics Inc.), Executive Chairman Agreement (vTv Therapeutics Inc.)
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between KCS, on the one hand, and one or more of TMM, TMMH, MM, the Principal Stockholders, and any of their respective Affiliates on the other hand, (each of KCS, on the one hand, and TMM, TMMH, MM, the Principal Stockholders, or any of their respective Affiliates, on the other hand, a “Dispute Party” and, both of KCS, on the one hand, and TMM, TMMH, MM, the Principal Stockholders, or any of their respective Affiliates, on the other hand, the “Dispute Parties”) arising from or in connection with this Stockholders’ Agreement or any transactions contemplated by this Stockholders’ Agreement, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, (“Disputes”), including Disputes arising in connection with claims by third Persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this Section 9.12; provided, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES HERETO AND THE ADJUDICATION AND ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Dispute Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Dispute Parties may initiate this procedure by delivery of written notice of the Dispute (the “Dispute Notice”) to the other party, setting forth the subject other. Not later than 20 days after delivery of the DisputeDispute Notice, one executive of one of the Dispute Parties with authority to settle the Dispute shall meet with one executive of the other Dispute Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to executives shall exchange relevant information and perspectives, and to attempt endeavor to resolve the Dispute. Prior to any such meeting, each Dispute Party’s executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this Section 9.12(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
C. If the (d) Each Dispute is Party hereby agrees to submit all Disputes not resolved by these negotiations, such Dispute shall be settled exclusively by pursuant to Section 9.12(c) hereof to final and binding arbitration in Los AngelesNew York, California New York. Either Dispute Party may initiate such arbitration by delivery of a demand therefor (the “Arbitration Demand”) to the other Dispute Party not sooner than 60 days after the date of delivery of the Dispute Notice but promptly thereafter; provided, that if a Dispute Party rejects participation in the procedures provided under Section 9.12(c), the other Dispute Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such rejection, including attorney’s fees and expenses, and Arbitration Costs (as defined below) in connection with arbitration hereunder.
(i) Three Arbitrators shall be appointed (the “Arbitrators”), one of whom shall be appointed by KCS, one by TMM, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two Arbitrators within 10 business days of the first two Arbitrators confirmation by the American Arbitration Association. Each Party agrees that the TMM Holders shall be considered jointly as one side for the purposes of constitution of the arbitration tribunal hereunder. If either Dispute Party fails to appoint an Arbitrator within 10 business days of a request in writing by the other Dispute Party to do so or if the first two Arbitrators cannot agree on the appointment of the third Arbitrator within 10 business days of their confirmation by the American Arbitration Association, then such Arbitrator shall be appointed by the American Arbitration Association in accordance with its Commercial Arbitration Rules. As soon as the arbitration tribunal has been convened, a hearing date shall be set within 15 days thereafter; provided, that the Arbitrators may extend the date of the hearing upon request of any Dispute Party to the extent necessary to insure that such Dispute Party is given a reasonable period of time to prepare for the hearing. Written submittals in the English language shall be presented and exchanged by both Dispute Parties five business days before the hearing date. At such time the Dispute Parties shall also exchange copies of all documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to call to testify at the hearing. The Arbitrators shall make their determination as promptly as practicable after conclusion of the hearing.
(ii) The arbitration shall be conducted in the English language pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Notwithstanding the foregoing, (A) each Dispute Party shall have the right to audit the books and records of the other Dispute Party that are reasonably related to the Dispute; (B) each Dispute Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Dispute Party intends to present in such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Dispute Party may at its expense make a stenographic record thereof.
(iii) The Arbitrators shall endeavor to complete all hearings not later than 120 days after their tribunal has been convened, and shall make a final award as promptly as practicable thereafter. Such award shall be communicated, in writing, by the Arbitrators to the Dispute Parties, and shall contain specific findings of fact and conclusions of law in accordance with the then current rules governing law set forth in Section 9.12(b) of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureAgreement. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction over jurisdiction, including expressly the party courts of the State of New York, United States of America, and the courts of the Federal District of Mexico. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators’ fees and expenses, fees and expenses of experts and fees and expenses of translators (“Arbitration Costs”) between the prevailing and non-prevailing Dispute Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against whom enforcement is sought. By entering into this Agreementon grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Dispute Party has rejected participation in procedures under Section 9.12(c), the parties are waiving their constitutional right Arbitrators may assess all Arbitration Costs against the non-prevailing Dispute Party and may include in the award the prevailing Dispute Party’s attorney’s fees and expenses in connection with any and all proceedings under this Section 9.12. Notwithstanding the foregoing, in no event may the arbitrator award multiple or punitive damages.
(e) Pursuant to have any Disputes decided in an agreement of the Parties hereto or a court of law or before judicial determination that a jury Dispute is not subject to final and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of binding arbitration as a means of resolution of set forth in Section 9.12(d), KCS, TMM, TMMH, MM and the Principal Stockholders each irrevocably agrees that any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them legal action or proceeding against it with respect to this Stockholders’ Agreement and any transaction contemplated by this Stockholders’ Agreement shall be brought only in the courts of the State of New York, or of Federal courts of the United States of America sitting in New York, and by execution and delivery of this Stockholders’ Agreement, KCS and that this clause shall be grounds each of TMM Holders irrevocably submits to the venue and jurisdiction of each such court and irrevocably waives any objection or defense such Party may have to venue or personal jurisdiction in any such court for dismissal the purpose of resolving any court claim, dispute, cause of action commenced by with respect arising out of or related to this Stockholders’ Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Stockholders’ Agreement, other than post-arbitration actions seeking to enforce an arbitration award the enforcement of the terms of this Stockholders’ Agreement, the Acquisition Agreement, the Ancillary Agreements and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary terms contemplated hereby and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedthereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(f) Each of the Parties hereto irrevocably appoints CT Corporation (the “Process Agent”), at 1000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx, 00000 (telephone 300-000-0000) as its agent and true and lawful attorney-in-fact in its name, place and stead to accept on behalf of each of the parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of New York, and each of the Parties hereto agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties hereto shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
Appears in 2 contracts
Samples: Stockholders' Agreement (Grupo TMM Sa), Stockholders' Agreement (Grupo TMM Sa)
Governing Law; Dispute Resolution. A. (a) This Agreement Limited Guarantee shall be interpreted, construed and governed by and construed in accordance with the laws Laws of the State of California, Nevada applicable to contracts to be made and performed entirely therein without giving effect to any the principles or rules regarding of conflicts of laws (either law thereof or of any other jurisdiction. All claims, actions, suits and arising out of or relating to this Limited Guarantee shall be brought and determined in the Court of the State of California or any other jurisdiction) that would cause Nevada located in Xxxxx County, Nevada or, only if the application Court of the law of any other jurisdiction other than the State of California.
B. In Nevada located in Xxxxx County, Nevada declines to accept or does not have jurisdiction over a particular matter, any court of the event United States or any state court located in the State of Nevada (and each such party shall not bring any dispute or controversy Legal Proceeding arising out of or relating to this Limited Guarantee in any court other than the aforesaid courts), and each of the parties hereto hereby irrevocably submits with regard to any such Legal Proceeding for itself and in respect to its property, generally and unconditionally, to the exclusive jurisdiction of the aforesaid courts. Each of parties hereto hereby irrevocably waives, and agrees not to assert, by way related of motion, as a defense, counterclaim or otherwise, in any such Legal Proceeding, (i) any claim that it is not personally subject to the jurisdiction of the above-named courts for any reason other than the failure to lawfully serve process, (ii) that it or its property is exempt or immune from jurisdiction of such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise), and (iii) that (x) such Legal Proceeding in any such court is brought in an inconvenient forum, (y) the venue of such Legal Proceeding is improper and (z) this Agreement, the matters referred to herein, Limited Guarantee or the Products to subject matter hereof or thereof, may not be supplied enforced in or by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Disputecourts.
C. If the Dispute is not resolved by these negotiations(b) EACH PARTY HERETO HEREBY WAIVES, such Dispute shall be settled exclusively by final and binding arbitration in Los AngelesTO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, California in accordance with the then current rules of the American Arbitration Association ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS LIMITED GUARANTEE. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS SEPARATELY GIVEN BY EACH PARTY, KNOWINGLY AND VOLUNTARILY WITH THE BENEFIT OF COMPETENT LEGAL COUNSEL. EACH PARTY HERETO (“AAA”A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS LIMITED GUARANTEE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS SECTION 10(b). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Limited Guarantee (China XD Plastics Co LTD), Limited Guarantee (Han Jie)
Governing Law; Dispute Resolution. A. (a) This Agreement, and any claim, dispute, or controversy of whatever nature arising out of or relating to this Agreement shall will be governed by and construed in accordance with the laws of the State of CaliforniaNew York, without giving effect to any principles principles, statutory provisions or other rules regarding conflicts of laws (either choice of the State of California or any other jurisdiction) law that would cause require the application of the law laws of a different country, provided that any dispute relating to the scope, validity, enforceability or infringement of any other Patents or Know-How will governed by, and construed and enforced in accordance with, the substantive laws of the jurisdiction other than the State of Californiain which such Patents or Know-How apply.
B. In the event of (b) The Parties will try to settle their differences amicably between themselves. If any dispute claim, dispute, or controversy of whatever nature arising out of or in any way related relating to this Agreement, including the matters referred to herein, performance or the Products to be supplied by Supplier pursuant to alleged non-performance of a Party of its obligations under this Agreement arises between the Parties (each, each a “Dispute”), the parties will attempt in good faith a Party will, before initiating any proceedings pursuant to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to Section 21.14(c), notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute within [***] days of receipt of the written notice by the other Party, such dispute will be referred to an Executive Officer of Selecta and an Executive Officer of Sanofi, or their designees, who will meet in person at least once and use their good faith efforts to resolve the Dispute within [***] days after such referral. [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.
(c) If a Dispute is not resolved by as provided in the preceding Section 21.14(b), whether before or after expiration or termination of this exchange of correspondenceAgreement, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, Parties hereby agree that such Dispute shall will be settled exclusively resolved by final and binding arbitration in Los Angeles, California conducted in accordance with the then current rules terms of this Section 21.14. The arbitration will be held in New York, New York, USA according to Rules of Arbitration of the American Arbitration Association International Chamber of Commerce (“AAAICC”). The parties agree that any and all Disputes that are submitted to arbitration in accordance will be conducted by a panel of [***] arbitrators with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of significant experience in complex commercial transactions. If the parties are unable to agree on an arbitratorpharmaceutical industry, AAA shall designate unless otherwise agreed by the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings Parties, appointed in accordance with applicable AAA proceduresICC rules. All Any arbitration proceedings shall herewith will be confidential. Neither party shall disclose any information about the evidence produced by the other party conducted in the arbitration proceedings, except in English language to the course of judicial, regulatory, maximum extent possible. The arbitrators will be instructed not to award any punitive or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by special damages and will render a written decision no later than [***] months following the preceding sentence, a party shall give the other party reasonable advance written notice selection of the intended disclosure arbitrators, including a basis for any damages awarded and an opportunity to prevent disclosurea statement of how the damages were calculated. Any award issued as a result will be promptly paid in U.S. dollars free of such any tax, deduction or offset. Each Party agrees to abide by the award rendered in any arbitration shall conducted pursuant to this Section 21.14. With respect to money damages, nothing contained herein will be final and binding between construed to permit the parties thereto and shall be enforceable by arbitrator or any court having jurisdiction over the party against whom enforcement is soughtor any other forum to award punitive or exemplary damages. By entering into this Agreementagreement to arbitrate, the parties are waiving their constitutional right Parties expressly waive any claim for punitive or exemplary damages. Each Party will pay its legal fees and costs related to have the arbitration (including witness and expert fees). Judgment on the award so rendered will be final and may be entered in any Disputes decided court having jurisdiction thereof.
(d) Nothing in this Section 21.14 will preclude either Party from seeking equitable relief or interim or provisional relief from a court of law or before competent jurisdiction, including a jury and waive the right of appealtemporary restraining order, and instead of relying on said rightspreliminary injunction, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive specific performance or other similar relief in accordance with Paragraph 11D hereofinterim equitable relief, which shall be resolved exclusively in concerning a dispute either prior to or during any arbitration if necessary to protect the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event interests of such breach, Party or threatened breach, to preserve the breaching party agrees that status quo pending the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawarbitration proceeding.
Appears in 2 contracts
Samples: License and Research Collaboration Agreement (Selecta Biosciences Inc), License and Research Collaboration Agreement (Selecta Biosciences Inc)
Governing Law; Dispute Resolution. A. 16.4.1 This Agreement, and any disputes between the Parties related to or arising out of this Agreement shall (including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement) (each a “Dispute”), will be governed by and construed in accordance with the laws of the State of CaliforniaNew York, USA without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 16.4.2 In the event of any dispute Dispute, a Party may notify the other Party in writing of such Dispute, and the Parties will try to settle such Dispute amicably between themselves. If the Parties are unable to resolve the Dispute within 20 days of receipt of the written notice by the other Party, such Dispute will be referred to the Chief Executive Officers of each of the Parties (or controversy arising out their respective designees) who will use their good faith efforts to resolve the Dispute within 30 days after it was referred to the Chief Executive Officers.
16.4.3 Any Dispute that is not resolved as provided in Section 16.4.2, whether before or after termination of or in any way related to this Agreement, will be resolved by litigation in the matters referred courts of competent jurisdiction located in New York, New York, USA without giving effect to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Disputeconflict of laws principles. Either party may initiate negotiations of any Dispute by providing written notice Each Party hereby agrees to the other party, setting forth the subject of the Dispute. The recipient exclusive jurisdiction of such notice will respond in writing within ten (10) calendar days with a statement of its position on courts and recommended solution waives any objections as to the Dispute. If the Dispute is not resolved by this exchange personal jurisdiction or venue of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Disputesuch courts.
C. If 16.4.4 Notwithstanding the Dispute is not resolved by these negotiationsforegoing, such Dispute shall be settled exclusively by final and binding arbitration nothing in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties Section 16.4 will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional limit either Party’s right to have any Disputes decided seek immediate temporary injunctive or other temporary equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Collaboration and License Agreement (Kos Pharmaceuticals Inc), Collaboration and License Agreement (Kos Pharmaceuticals Inc)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent the Company is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as the Company’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesHampton, California Virginia by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawlitigation (including reasonable attorneys’ fees and expenses).
Appears in 2 contracts
Samples: Employment Agreement (Alj Regional Holdings Inc), Employment Agreement (Alj Regional Holdings Inc)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be interpreted, construed and governed by and construed in accordance with the Laws of the State of New York without regard to the conflicts of law principles thereof, except that the following matters arising out of or relating to this Agreement shall be interpreted, construed and governed by and in accordance with the Laws of the Cayman Islands in respect of which the parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of the courts of the Cayman Islands: the Merger, the vesting of the undertaking, property and liabilities of Merger Sub in the Surviving Corporation, the cancellation of the Shares, the rights provided for in Section 238 of the CICL with respect to any Dissenting Shares, the fiduciary or other duties of the Company Board and the directors of Merger Sub and the internal corporate affairs of the Company and Merger Sub.
(b) All Actions arising under the laws of the State of CaliforniaNew York out of or relating to this Agreement shall be heard and determined exclusively in any New York federal court sitting in the Borough of Manhattan of The City of New York; provided, without giving effect however, that if such federal court does not have jurisdiction over such Action, such Action shall be heard and determined exclusively in any New York state court sitting in the Borough of Manhattan of The City of New York. Each of the parties hereto agrees that serving of process or other papers in connection with any such Action in any manner permitted by Section 10.02 or in such other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby (a) submit to the exclusive jurisdiction of any principles federal or rules regarding conflicts state court sitting in the Borough of Manhattan of The City of New York for the purpose of any Action arising under the laws (either of the State of California New York out of or relating to this Agreement brought by any other jurisdictionparty hereto and (b) irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any Action with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder (i) any claim that would cause it is not personally subject to the application jurisdiction of the law of aforesaid courts for any other jurisdiction reason other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related failure to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration serve process in accordance with this Agreement shall be decided by one Section 10.07(b), (1ii) neutral arbitrator who any claim that it or its property is a retired judge exempt or attorney licensed immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to practice law judgment, attachment in California with at least fifteen aid of execution of judgment, execution of judgment or otherwise) and (15iii) years of experience in complex commercial transactions. If to the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure fullest extent permitted by applicable Law, any claim that (A) the preceding sentenceAction in such court is brought in an inconvenient forum, a party shall give (B) the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result venue of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement Action is sought. By entering into improper or (C) this Agreement, or the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D subject matter hereof, which shall may not be resolved exclusively enforced in the state or federal courts sitting in the County of Los Angelesby such courts.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Merger Agreement (China Hydroelectric Corp), Merger Agreement (NewQuest Asia Fund I, L.P.)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the laws of the State of CaliforniaDelaware, without giving effect to any principles law or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) rule that would cause the application of the law laws of any other jurisdiction other than the State of CaliforniaDelaware to be applied.
B. In the event of any dispute (b) Any controversy or controversy claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement (eachincluding, a “Dispute”without limitation, as to arbitrability), or the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other partybreach thereof, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final individual arbitration (as opposed to class or collective arbitration) administered by a Person mutually selected by the Sellers’ Representative and binding arbitration in Los Angeles, California in accordance with the then current rules of Purchasers (the American Arbitration Association (“AAAArbitrator”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on upon the Arbitrator, they shall each select an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and the two selected arbitrators shall appoint a third arbitrator to act as the Arbitrator.
(c) In the event of any dispute, claim, question or disagreement arising from or relating to this Agreement, or the breach hereof or thereof, with the exception of those items excluded above, the Purchasers and the Sellers’ Representative shall use their commercially reasonable efforts to resolve the dispute, claim, question or disagreement. To this effect, the Purchasers and the Sellers’ Representative will meet in scheduling person or by telephone within ten (10) Business Days of any party’s receipt of a written notice informing that party of the existence of a dispute, claim, question or disagreement. If the Purchasers and the Sellers’ Representative do not resolve or settle the matter within ten (10) Business Days after the initial meeting, or following any longer period as the parties may agree to in writing, the Purchasers and the Sellers’ Representative shall then immediately submit the dispute to binding arbitration proceedings in accordance with applicable AAA proceduresthis Section 4.8.
(d) The arbitration hearing shall commence within ninety (90) calendar days after the Arbitrator is selected, unless the Purchasers and the Sellers’ Representative agree to extend this time period. All The arbitration proceedings shall take place in New York, New York.
(e) The arbitration shall be confidentialconducted pursuant to the Federal Rules of Procedure and the Federal Rules of Evidence. Neither party The Arbitrator will have full power to give directions and make such orders as the Arbitrator deems just. Nonetheless, the Arbitrator explicitly shall disclose not have the authority, power, or right to alter, change, amend, modify, add, or subtract from any information about provision of this Agreement.
(f) The Arbitrator shall issue a written decision within thirty (30) days after the evidence produced conclusion of the arbitration hearing, which decision shall be rendered without reference to the reason for the arbitrator’s decision or any citation to precedent. The agreement to arbitrate will be specifically enforceable. The award rendered by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration arbitrator shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law (absent fraud or before a jury and waive the right of appealmanifest error), and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief may be enforced by judgment entered in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breachjurisdiction. The fees and expenses of the arbitrator shall be allocated between the Sellers’ Representative (on behalf of the Contingent Payment Recipients), or threatened breachon the one hand, and to specific performance of any covenant contained hereinthe Purchasers, on the other hand in each case without the proof of actual damage or any bond or similar security being posted, in order same proportion that the breach, or threatened breach, aggregate amount of the disputed items submitted to the Arbitrator that is unsuccessfully disputed by each such party (as finally determined by the Arbitrator) bears to the total amount of such provisions may be effectively restrained. The disputed items so submitted.
(g) During any arbitration proceeding, the parties agree that shall continue to perform their respective obligations under this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawAgreement.
Appears in 2 contracts
Samples: Contingent Payment Agreement, Subordination Agreement (Addus HomeCare Corp)
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between KCS and one or more of Sellers (each of KCS, on the one hand, and one or more of the Sellers, on the other hand, a “Dispute Party” and together, the “Dispute Parties”) arising from or in connection with this Agreement (except those to be resolved pursuant to Section 10.5(e)), the Ancillary Agreements or any transactions contemplated by this Agreement or the Ancillary Agreements, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, (“Disputes”) including Disputes arising in connection with claims by third persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this Section 12.11; provided, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES HERETO AND THE ADJUDICATION AND ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Dispute Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Dispute Parties may initiate this procedure by delivery of written notice of the Dispute (the “Dispute Notice”) to the other. Not later than twenty (20) days after delivery of the Dispute Notice, one executive of one of the Dispute Parties with authority to settle the Dispute shall meet with one executive of the other Dispute Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The executives shall exchange relevant information and endeavor to resolve the Dispute. Prior to any such meeting, each Dispute Party’s executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this Section 12.11(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
(d) Each Dispute Party hereby agrees to submit all Disputes not resolved pursuant to Section 12.11(c) to final and binding arbitration in New York, New York. Either Dispute Party may initiate such arbitration by delivery of a demand therefor (the “Arbitration Demand”) to the other party, setting forth Dispute Party not sooner than sixty (60) days after the subject date of delivery of the Dispute. The recipient Dispute Notice but promptly thereafter; provided, that if a Dispute Party rejects participation in the procedures provided under Section 12.11(c), the other Dispute Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such notice will respond rejection, including attorney’s fees and expenses, Arbitration Costs (as defined below) in writing connection with arbitration hereunder.
(i) Three (3) Arbitrators shall be appointed (the “Arbitrators”), one of whom shall be appointed by KCS, one by TMM, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two (2) Arbitrators within ten (10) calendar days with a statement Business Days of its position on and recommended solution to the Disputefirst two (2) Arbitrators confirmation by the American Arbitration Association. Each Party agrees that Sellers shall be considered jointly as one side for the purposes of constitution of the arbitration tribunal hereunder. If either Dispute Party fails to appoint an Arbitrator within ten (10) Business Days of a request in writing by the other Dispute is Party to do so or if the first two Arbitrators cannot resolved agree on the appointment of the third Arbitrator within ten (10) Business Days of their confirmation by this exchange of correspondencethe American Arbitration Association, then representatives of each party such Arbitrator shall be appointed by the American Arbitration Association in accordance with full settlement authority will meet at its Commercial Arbitration Rules. As soon as the arbitration tribunal has been convened, a mutually agreeable time and place hearing date shall be set within thirty fifteen (3015) calendar days of thereafter; provided, that the Arbitrators may extend the date of the initial notice hearing upon request of any Dispute Party to the extent necessary to insure that such Dispute Party is given a reasonable period of time to prepare for the hearing. Written submittals in order the English language shall be presented and exchanged by both Dispute Parties five (5) Business Days before the hearing date. At such time the Dispute Parties shall also exchange copies of all documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to exchange relevant information call to testify at the hearing. The Arbitrators shall make their determination as promptly as practicable after conclusion of the hearing.
(ii) The arbitration shall be conducted in the English language pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Notwithstanding the foregoing, (A) each Dispute Party shall have the right to audit the books and perspectivesrecords of the other Dispute Party that are reasonably related to the Dispute; (B) each Dispute Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Dispute Party intends to present in such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Dispute Party may at its expense make a stenographic record thereof.
(iii) The Arbitrators shall endeavor to complete all hearings not later than one hundred twenty (120) days after their tribunal has been convened, and shall make a final award as promptly as practicable thereafter. Such award shall be communicated, in writing, by the Arbitrators to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiationsParties, such Dispute and shall be settled exclusively by final contain specific findings of fact and binding arbitration in Los Angeles, California conclusions of law in accordance with the then current rules governing law set forth in Section 12.11(b) of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureAgreement. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction, including expressly the courts of the State of New York, United States of America, and the courts of the Federal District of Mexico. Any such award shall include appropriate instructions to the Escrow Agent under the Closing Escrow Agreement. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators’ fees and expenses, fees and expenses of experts and fees and expenses of translators (“Arbitration Costs”) between the prevailing and non-prevailing Dispute Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against on grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Dispute Party has rejected participation in procedures under Section 12.11(c), the Arbitrators may assess all Arbitration Costs against the non-prevailing Dispute Party and may include in the award the prevailing Dispute Party’s attorney’s fees and expenses in connection with any and all proceedings under this Section 12.11. Notwithstanding the foregoing, in no event may the Arbitrators award multiple or punitive damages.
(e) Pursuant to an agreement of the Parties hereto or a judicial determination that a Dispute is not subject to final and binding arbitration as set forth in Section 12.11, KCS and each of Sellers irrevocably agrees that any legal action or proceeding against it with respect to this Agreement and any transaction contemplated by this Agreement shall be brought only in the courts of the State of New York, or of Federal courts of the United States of America sitting in New York, and by execution and delivery of this Agreement, KCS and each of Sellers irrevocably submits to the venue and jurisdiction over of each such court and irrevocably waives any objection or defense such Party may have to venue or personal jurisdiction in any such court for the party against whom enforcement is sought. By entering into purpose of resolving any claim, dispute, cause of action arising out of or related to this Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court enforcement of law or before a jury and waive the right terms of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, the Acquisition, the Ancillary Agreements and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary terms contemplated hereby and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedthereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(f) Each of the Parties irrevocably appoints CT Corporation (the “Process Agent”), at 100 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (212-894-8940), respectively, as its agent and true and lawful attorney-in-fact in its name, place and stead to accept on behalf of each of the Parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of New York, and each of the Parties hereto agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties hereto shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
Appears in 2 contracts
Samples: Acquisition Agreement (Grupo TMM Sa), Acquisition Agreement (Mexican Railway Transportation Group)
Governing Law; Dispute Resolution. A. 15.4.1 This Agreement, and any disputes between the Parties related to or arising out of this Agreement, including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement shall (each a “Dispute”), will be governed by and construed in accordance with the laws of the State of California, New York without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 15.4.2 In the event of any dispute Dispute, a Party may notify the other Party in writing of such Dispute, and the Parties will try to settle such Dispute amicably between themselves. If the Parties are unable to resolve the Dispute within […***…] Business Days of receipt of the written notice by the other Party, such Dispute will be referred to the Chief Executive Officers of each of the Parties (or controversy arising out their respective designees) who will use their good faith efforts to resolve the Dispute within […***…] Business Days after it was referred to the Chief Executive Officers.
15.4.3 Any Dispute that is not resolved as provided in Section 15.4.2, whether before or after termination of or in any way related to this Agreement, will be resolved by litigation in the matters referred to hereincourts of competent jurisdiction located in New York, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such DisputeNew York. Either party may initiate negotiations of any Dispute by providing written notice Each Party hereby agrees to the other party, setting forth the subject of the Dispute. The recipient exclusive jurisdiction of such notice will respond in writing within ten (10) calendar days with a statement of its position on courts and recommended solution waives any objections as to the Dispute. If the Dispute is not resolved by this exchange personal jurisdiction or venue of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Disputesuch courts.
C. If 15.4.4 Notwithstanding the foregoing, nothing in this Section 15.4 (Governing Law; Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1Resolution) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional limit either Party’s right to have any Disputes decided seek immediate temporary injunctive or other temporary equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 2 contracts
Samples: Collaboration and License Agreement (Horizon Pharma, Inc.), Collaboration and License Agreement (Horizon Pharma, Inc.)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Section 5 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Bexar County, Texas or Wilmington, Delaware (collectively, the “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
9.3 Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.4 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesBexar County, California Texas or Wilmington, Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys' fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 2 contracts
Samples: Employment Agreement (Harland Clarke Holdings Corp), Employment Agreement (Harland Clarke Holdings Corp)
Governing Law; Dispute Resolution. A. This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, Delaware (without giving effect reference to any principles or rules regarding the conflicts of laws law provisions thereof). The parties (either a) hereby irrevocably and unconditionally submit to the jurisdiction of the State state courts of California or any other jurisdiction) that would cause Delaware and to the application jurisdiction of the law United States District Court for the District of Delaware for the purpose of any suit, action or other jurisdiction other than the State of California.
B. In the event of any dispute or controversy proceeding arising out of or in any way related to based upon this Agreement, the matters referred (b) agree not to hereincommence any suit, action or the Products to be supplied by Supplier pursuant to other proceeding arising out of or based upon this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course state courts of judicialDelaware or the United States District Court for the District of Delaware, regulatoryand (c) hereby waive, and agree not to assert, by way of motion, as a defense, or arbitration otherwise, in any such suit, action or proceeding, or as may be demanded by government authority. Before making any disclosure permitted by claim that it is not subject personally to the preceding sentence, a party shall give the other party reasonable advance written notice jurisdiction of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement above-named courts, that its property is sought. By entering into this Agreementexempt or immune from attachment or execution, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breachsuit, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof is brought in an inconvenient forum, that the other party has venue of the suit, action or had an adequate remedy at lawproceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. WAIVER OF JURY TRIAL: EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS, THE SECURITIES OR THE SUBJECT MATTER HEREOF OR THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS. EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
Appears in 2 contracts
Samples: Investor Rights Agreement (Lyra Therapeutics, Inc.), Investor Rights Agreement (Lyra Therapeutics, Inc.)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the “Chosen Courts”), and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesWilmington, California Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys’ fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 2 contracts
Samples: Employment Agreement (Alj Regional Holdings Inc), Employment Agreement (Alj Regional Holdings Inc)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaNevada, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaNevada.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Nevada or the federal District Courts sitting in Las Vegas, Nevada (collectively, the “Chosen Courts”), applying the law of the State of Nevada without regard to principles of conflicts of law, and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement has been entered into in express reliance on Section 104.5116 of Title 8 of the Nevada Revised Statutes. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Nevada, it will appoint (and maintain an agreement with respect to) an agent in the State of Nevada as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Nevada or within any other State as required by applicable law.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesLas Vegas, California Nevada by a single arbitrator applying the law of the State of the Nevada without regard to principles of conflicts of law. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys’ fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This Agreement shall be governed by by, and construed in accordance with with, the internal laws of the State of California, Florida without giving effect regard to any the choice of law principles thereof. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER. Any unresolved controversy or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy claim arising out of or in any way related relating to this Agreement, the matters referred to hereinexcept as (i) otherwise provided in this Agreement, or (ii) any such controversies or claims arising out of either party’s intellectual property rights for which a provisional remedy or equitable relief is sought, shall be submitted to arbitration by one arbitrator mutually agreed upon by the Products to parties, and if no agreement can be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place reached within thirty (30) calendar days after names of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved potential arbitrators have been proposed by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (the “AAA”), then by one arbitrator having reasonable experience in corporate finance transactions of the type provided for in this Agreement and who is chosen by the AAA. The parties agree that any and all Disputes that are submitted to arbitration shall take place in the State of Florida, County of Pasco, in accordance with this Agreement shall the AAA rules then in effect, and judgment upon any award rendered in such arbitration will be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA binding and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by entered in any court having jurisdiction over thereof. There shall be limited discovery prior to the arbitration hearing as follows: (a) exchange of witness lists and copies of documentary evidence and documents relating to or arising out of the issues to be arbitrated, (b) depositions of all party against whom enforcement is soughtwitnesses and (c) such other depositions as may be allowed by the arbitrators upon a showing of good cause. By entering into this AgreementDepositions shall be conducted in accordance with Section 10 hereof, the arbitrator shall be required to provide in writing to the parties are waiving their constitutional right to have any Disputes decided in the basis for the award or order of such arbitrator, and a court reporter shall record all hearings, with such record constituting the official transcript of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputessuch proceedings. The prevailing party in such arbitration shall be awarded its costs and entitled to reasonable attorneys’ attorney’s fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, costs, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be necessary disbursements in addition to all any other remedies set forth in relief to which such party may be entitled from the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawlosing party.
Appears in 1 contract
Governing Law; Dispute Resolution. A. 16.4.1 This Agreement, and any claim, dispute, or controversy of whatever nature arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State of CaliforniaGermany, without giving effect to any principles principles, statutory provisions or other rules regarding conflicts of laws (either choice of the State of California or any other jurisdiction) law that would cause require the application of the law laws of any other jurisdiction other than the State of Californiaa different state or country.
B. In the event of 16.4.2 The Parties shall try to settle their differences amicably between themselves. If any dispute claim, dispute, or controversy of whatever nature arising out of or relating to *** Certain information in any way related this document has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. this Agreement, including the matters referred to herein, performance or the Products to be supplied by Supplier pursuant to alleged non-performance of a Party of its obligations under this Agreement arises between the Parties (each, each a “Dispute”), the parties will attempt in good faith a Party shall, before initiating any proceedings pursuant to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to Section 16.4.3, notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute within [***] days of receipt of the written notice by the other Party, such dispute shall be referred to a member of each of the Party’s senior executive management, with appropriate decision making authority (or its designee), who is not on the JSC, who shall meet in person at least once and use their good faith efforts to resolve the Dispute within [***] days after such referral.
16.4.3 If a Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party as provided in the arbitration proceedingspreceding Section 16.4.2, except in the course whether before or after termination of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right Parties hereby agree to have the exclusive jurisdiction of the courts of competent jurisdiction in Frankfurt, Germany. Each Party hereby agrees to such exclusive jurisdiction and waives any Disputes decided in a court objections as to the personal jurisdiction or venue of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescourts.
D. Each party agrees that a breach 16.4.4 Notwithstanding the provisions of its obligations under Paragraph 14 will result in irreparable harm to the other party andthis Section 16.4, in the event of such breach, or threatened breach, the breaching party agrees that the other party will either Party shall have available the right to preliminary and permanent seek temporary injunctive relief and other equitable relief issued by in any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions as may be effectively restrained. The parties agree that this remedy shall be available to such Party under the laws and rules applicable in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawsuch jurisdiction.
Appears in 1 contract
Samples: Collaboration and License Agreement (Micromet, Inc.)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Section 5 of this Agreement (a "Proceeding") shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Bexar County, Texas or Wilmington, Delaware (collectively, the "Chosen Courts") and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
9.3 Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party"s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.4 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesBexar County, California Texas or Wilmington, Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys' fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 1 contract
Samples: Employment Agreement (Harland Clarke Holdings Corp)
Governing Law; Dispute Resolution. A. This The parties acknowledge that the Company is a Delaware limited liability company, and that the Purchase Agreement shall be is governed by Delaware law. Therefore, this Employment Agreement and construed in accordance with the grants of the Equity Awards will be subject to laws of the State of CaliforniaDelaware, without giving effect regard to its choice of law principles. Each of the parties agrees that any principles or rules regarding conflicts of laws (either dispute between the parties will be resolved only in the courts of the State of California Delaware or any other jurisdiction) the United States District Court for the District of Delaware, and the appellate courts having jurisdiction of appeals in such courts. In that would cause context, and without limiting the application generality of the law foregoing, each of the parties hereto irrevocably and unconditionally (i) submits in any proceeding relating to this Employment Agreement or Executive’s employment by any member of the Company Group, or for the recognition and enforcement of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or judgment in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement respect thereof (each, a “DisputeProceeding”), to the parties will attempt exclusive jurisdiction of the courts of the State of Delaware, the courts of the United States of America for the District of Delaware, and appellate courts having jurisdiction of appeals from any of the foregoing, and agrees that all claims in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations respect of any Dispute by providing written notice such Proceeding shall be heard and determined in such Delaware State Court or, to the other partyextent permitted by law, setting forth the subject of the Dispute. The recipient of in such notice will respond in writing within ten federal court, as applicable, (10ii) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree consents that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as such Proceeding may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable brought in such courts and waives any objection such party may now or hereafter have to the venue or jurisdiction of any such Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agrees not to plead or claim the same, and (iii) waives all right to a trial by jury in any proceeding (whether based on contract, tort or otherwise) arising out of or relating to this Employment Agreement or Executive’s employment by any court having jurisdiction over member of the party against whom Company Group, or Executive’s or the Company’s performance under, or the enforcement is soughtof, this Employment Agreement. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury Executive acknowledges and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach he was represented by counsel (Xxxxx Xxxxxxxx of its obligations under Paragraph 14 will result Xxxxxxx LLP) in irreparable harm to connection with the other party and, in the event negotiation of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawEmployment Agreement.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This Agreement 18.1 The Contract shall be governed by and construed in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding its conflicts of laws (either of the State of California law provisions. Any action or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy proceeding arising out of or in any way related relating to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party brought in the arbitration proceedings, except in the course of judicial, regulatory, federal or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County jurisdiction of Los Angeles.
D. Each party New Castle County, Delaware, and each of the parties hereto irrevocably submits to the exclusive jurisdiction of each such court in any such action or proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that a breach all claims in respect of its obligations under Paragraph 14 will result the action or proceeding shall be heard and determined only in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, court and agrees not to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in bring any action or proceeding arising out of or relating to enforce this Agreement in any provision hereof that the other party has or had an adequate remedy at lawcourt.
18.2 THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY AND THAT ANY ACTION OR PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.
Appears in 1 contract
Samples: General Terms and Conditions for Purchase of Goods and Services
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the laws domestic Laws of the State of California, New York without giving effect to any principles choice or rules regarding conflicts conflict of laws Law provision or rule (either whether of the State of California New York or any other jurisdiction) that would cause the application of the law Laws of any other jurisdiction other than the State of CaliforniaNew York. Subject to Section 9.8(b), each of the Parties and Parent irrevocably consents to the exclusive jurisdiction and venue of the federal and state courts located in the State of New York, in connection with any matter based upon or arising out of this Agreement or the transactions contemplated hereby and agrees that process may be served upon it in any manner authorized by the laws of the State of New York for such Persons and waives and covenants not to assert or plead any objection which it might otherwise have to such jurisdiction and such process.
B. In the event of (b) The Parties and Parent expressly acknowledge and agree any dispute dispute, controversy, or controversy claim arising out of or in any way related relating to this Agreement, the matters referred including but not limited to herein, any valid amendments or the Products to be supplied by Supplier pursuant modifications to this Agreement and any related agreements, whether sounding in contract, tort, or any other theory of liability, including but not limited to alleged fraud or misrepresentation and claims based upon a federal or state statute (eachcollectively, a “Dispute”), shall be resolved exclusively in accordance with the parties will attempt in good faith to resolve through negotiation such Disputeprovisions of this Section 9.8(b) and Schedule 9.8(b). Either party may initiate negotiations In the event of any Dispute by providing between the parties, prior to any party commencing arbitration as set forth on Schedule 9.8(b), the complaining party shall first promptly provide a written explanation of the Dispute and designate a representative for purposes of Dispute resolution, delivered in accordance with the notice provisions of Section 9.7. Upon receipt of the complaining party’s Dispute notice, the receiving party shall respond in writing to state its position with respect to the other partyDispute and designate its own representative for purposes of Dispute resolution. The parties’ respective representatives shall then [*] = Certain confidential information contained in this document, setting forth marked by brackets, has been omitted and filed separately with the subject Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended. promptly meet in person or speak telephonically in a good-faith attempt to resolve the Dispute. The recipient of such notice will respond in writing If, within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days [*] of the date of the initial complaining party’s notice in order to exchange relevant information and perspectivesof Dispute, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1i) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitratorresolve the Dispute via discussions between their designated representatives, AAA shall designate or (ii) the arbitrator. The parties will cooperate with AAA and with one another parties’ designated representatives do not engage in selecting the arbitrator and in scheduling the good-faith discussions for any reason, then either party may commence arbitration proceedings in accordance with applicable AAA proceduresSchedule 9.8(b). All arbitration proceedings Notwithstanding anything herein to the contrary, nothing in this Section 9.8(b) shall preclude either Party from seeking interim or provisional relief, including a temporary restraining order, preliminary injunction or other interim equitable relief concerning a dispute, if necessary to protect the interests of such Party pursuant to Section 9.10 below. This Section shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesspecifically enforceable.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Asset Purchase Agreement (Jazz Pharmaceuticals PLC)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, New York without giving effect to any principles choice or rules regarding conflicts conflict of laws law provision or rule (either whether of the State of California New York or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California).
B. In (b) Except to the event extent a different procedure is expressly provided for herein and subject to the limitations of set forth in Article VIII (Indemnification), including, without limitation, Section 8.09 (Exclusive Remedies), if any dispute or controversy arising arises (i) out of or in any way related to relating to, this Agreement, the matters referred to hereinany Transaction Document or any alleged breach hereof or thereof, or (ii) with respect to any of the Products to be supplied by Supplier pursuant to this Agreement Transactions (each, a “Dispute”), the party desiring to resolve such Dispute shall deliver a written notice describing such Dispute with reasonable specificity to the other parties will attempt (“Dispute Notice”). If any party delivers a Dispute Notice pursuant to this Section 10.09 (Governing Law; Dispute Resolution), the parties involved in the Dispute shall meet at least twice within the thirty (30) day period commencing with the date of the Dispute Notice and in good faith shall attempt to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten .
(10c) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange pursuant to Section 10.09(b) (Governing Law; Dispute Resolution) above, the Dispute shall be submitted to nonbinding mediation with a mutually agreed upon mediator. A demand for mediation shall be forwarded in writing to the other party. Within ten (10) days after receipt of correspondencethe demand for mediation, the parties shall attempt in good faith to agree on a mediator. Should however, the parties fail to agree on a mediator, then representatives of each party with full settlement authority will meet at shall select a mutually agreeable time mediator and place the two mediators so chosen shall select a third mediator. Mediation shall be conducted by the panel of three mediators. The mediation shall be held within thirty (30) calendar days from the selection of the date mediator. Each party shall bear its own expenses of such mediation, including the attorneys’ fees and expenses of the initial notice in order parties. If either party is dissatisfied with such mediation, either party shall have the right to exchange relevant information and perspectives, and submit such dispute to attempt arbitration pursuant to resolve the Disputefollowing subsection (d).
C. (d) If the Dispute is not resolved by these negotiationspursuant to Section 10.09(b) or (c) (Governing Law; Dispute Resolution) above, such the Dispute or indemnification claim shall be settled exclusively by final and binding arbitration conducted in Los AngelesSan Diego, California California, or such other place as mutually agreed to by the parties, which shall be in accordance with the then current rules effective Comprehensive Arbitration Rules of JAMS. The arbitration of such issues, including the determination of any amount of Losses suffered by any party hereto by reason of the American Arbitration Association (“AAA”). The parties agree that acts or omissions of any and all Disputes that are submitted to arbitration in accordance with this Agreement party, shall be decided by one subject to all limitations of liability set forth in this Agreement, including, without limitation, Article VIII (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitratorIndemnification), AAA and shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between upon all parties. Judgment on the parties thereto and shall award rendered by the arbitrator may be enforceable by entered in any court having jurisdiction over jurisdiction. The arbitrator shall have the party against whom enforcement is sought. By entering into authority to award any remedy or relief that a court in the State of California could order or grant, including specific performance of any obligation created under this Agreement, the issuance of an injunction or other provisional relief, or the imposition of sanctions for abuse or frustration of the arbitration process. The arbitrator shall apply the law of the State of New York in deciding the merits of any Dispute. The arbitrator shall provide a written and reasoned explanation for any award rendered in the arbitration. By agreeing to arbitration, the parties are waiving their constitutional right do not intend to have deprive any Disputes decided in a court of law its jurisdiction to issue a pre-arbitral injunction, pre-arbitral attachment, or before a jury other order in aid of arbitration proceedings and waive the right enforcement of appealany award. Except as otherwise set forth in this Agreement, the cost of any arbitration hereunder, including the cost of the record or transcripts thereof, if any, administrative fees, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and all other fees involved including reasonable attorneys’ fees. The parties agree that this clause has been included fees incurred by the party determined by the arbitrator to rapidly and inexpensively resolve any disputes between them with respect to this Agreementbe the prevailing party, and that this clause shall be grounds for dismissal of any court action commenced paid by with respect the party determined by the arbitrator not to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breachprevailing party, or threatened breach, otherwise allocated in an equitable manner as determined by the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawarbitrator.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy Except for matters arising out of or Section 8.1, as provided in Section 8.2, and except where it is pursuant to the terms of this Agreement entitled to injunctive relief, prior to commencing any way related to litigation in connection with this Agreement, each party hereto shall use commercially reasonable efforts to cause its chief executive officer to confer with the matters referred chief executive officer of the other party hereto for a period of at least 30 days, and each party hereto shall use its commercially reasonable efforts to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”)resolve such dispute. During such 30-day period, the parties will attempt in good faith party seeking to resolve through negotiation commence such Dispute. Either party may initiate negotiations litigation shall attend no fewer than three (3) full business days of any Dispute by providing written notice to meetings at the other party, setting forth ’s principal executive offices. Only after compliance with the subject provisions of this Section 17.8 may a party hereto commence an action in connection with this Agreement. Each party hereto hereby submits to the exclusive jurisdiction of the Dispute. The recipient United States District Court for the District of such notice will respond in writing within ten (10) calendar days with a statement of its position on Delaware and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any Delaware state court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. New Castle, State of Delaware for purposes of all legal proceedings arising out of or relating to this agreement or the transactions contemplated hereby. Each party agrees hereto irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a breach court has been brought in an inconvenient forum, and the parties hereto irrevocably agree that all such proceedings shall be heard and determined in such a Delaware state or federal court. The parties hereby consent to and grant any such court jurisdiction over the person of such parties and over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 17.3 or in such other manner as may be permitted by law shall be valid and sufficient service thereof. Each party will continue to perform its obligations under Paragraph 14 will result in irreparable harm to the other party andthis Agreement during any dispute, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by including without limitation paying any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawundisputed amounts due hereunder.
Appears in 1 contract
Samples: Manufacturing and Licensing Agreement (Spectranetics Corp)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Section 5 of this Agreement (a "PROCEEDING") shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the "CHOSEN COURTS") and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
9.3 Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party's agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.4 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesWilmington, California Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”)arbitrator shall be final, binding and nonappealable and judgment may be entered thereon by either party in accordance with applicable law in any court of competent jurisdiction. This arbitration provision shall be specifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be responsible for its own expenses relating to the conduct of the arbitration or litigation (including reasonable attorneys' fees and all Disputes that are submitted expenses) and shall share the fees of JAMS and the arbitrator, if applicable, equally.
9.5 In the event any party hereto institutes any Proceedings or arbitration actions pursuant to arbitration and in accordance with this Agreement Section 9, then the Company shall be decided reimburse Executive for reasonable fees and expenses incurred by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years legal counsel of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA Executive's choice and with one another in selecting the arbitrator reasonable travel and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced lodging expenses incurred by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result reason of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this AgreementProceedings or other actions, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to any substantive and material Proceeding or action in which Executive substantially prevails against the Company. If Executive has acted in bad faith or been stubbornly litigious, Executive shall reimburse the Company for its legal fees and expenses incurred in such Proceeding or action. It is expressly acknowledged and agreed to by Executive that an arbitrator shall have no authority to modify any provision of this Agreement, and that Agreement or to award a remedy for a dispute involving this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, Agreement other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive a benefit specifically provided under or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County by virtue of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement (including without limitation punitive damages and/or consequential or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawincidental damages).
Appears in 1 contract
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesWilmington, California Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth hereinlitigation (including reasonable attorneys’ fees and expenses) and shall share the fees of JAMS and the arbitrator, if applicable, equally. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.NYDOCS01/1701227.2
Appears in 1 contract
Governing Law; Dispute Resolution. A. This Agreement Agreement, and the rights and obligations of the parties hereto, shall be governed by and construed in accordance with the laws of the State of CaliforniaDelaware, without giving effect respect to its principles of conflicts of laws, except to the extent governed by federal laws, and shall be construed according to its fair meaning and not for or against any party. The parties hereto irrevocably submit to the jurisdiction of any state or xxxxxxx xxxxx sitting in or for Denver County, Colorado with respect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect relating to this Agreement, and each party irrevocably agrees that this clause all claims in respect of such dispute or proceeding shall be grounds for dismissal heard and determined in such courts. The parties hereto hereby irrevocably waive, to the fullest extent permitted by law, any objection which they may now or hereafter have to the venue of any court action commenced by with respect dispute arising out of or relating to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive Agreement or other similar relief the transactions contemplated hereby brought in accordance with Paragraph 11D hereof, which shall be resolved exclusively in such court or any defense of inconvenient forum for the state maintenance of such dispute or federal courts sitting in the County of Los Angeles.
D. proceeding. Each party hereto agrees that a breach judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent permitted by law, any right it may have to a trial by jury in respect of its obligations any litigation as between the parties directly or indirectly arising out of, under Paragraph 14 will result or in irreparable harm to connection with this Agreement or the transactions contemplated hereby or disputes relating hereto. Each of the parties hereto (i) certifies that no representative, agent or attorney of the other party andhas represented, expressly or otherwise, that such other party would not, in the event of such breachlitigation, or threatened breachseek to enforce the foregoing waivers and (ii) acknowledges that it and the other parties have been induced to enter into this Agreement by, among other things, the breaching party agrees that the other party will have available the right to preliminary mutual waivers and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant certifications contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawSection 11(a).
Appears in 1 contract
Governing Law; Dispute Resolution. A. Equitable Relief
(a) This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any New York (regardless of the laws that might otherwise govern under applicable principles or rules regarding of conflicts of laws law).
(either b) Subject to Section 4.5, each Party to this Agreement irrevocably consents and agrees that any legal action, suit or proceeding by it against any of the State of California other Parties with respect to its rights, obligations or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute liabilities under or controversy arising out of or in any way related to connection with this Agreementagreement shall be brought by such Party only in the United States District Court for the Southern District of New York or, in the matters referred to hereinevent (but only in the event) such court does not have subject matter jurisdiction over such action, suit or proceeding, in the Products to be supplied by Supplier pursuant courts of the State of New York sitting in New York City, and each Party to this Agreement hereby irrevocably accepts and submits to the jurisdiction of each of the aforesaid courts in personam, with respect to any such action, suit or proceeding (eachincluding, without limitation, claims for interim relief, counterclaims, actions with multiple defendants and actions in which such party is implied). Each Party hereto irrevocably and unconditionally waives any right that it may have to a “Dispute”jury trial in any legal action, suit or proceeding with respect to, or arising out of or in connection with this agreement. Each of the Parties hereby irrevocably designates CT Corporation System (the "Process Agent"), the parties will attempt in good faith with an office at 000 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, as its designee, appointee and agent to resolve through negotiation such Dispute. Either party may initiate negotiations receive, for and on its behalf service of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party process in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve jurisdiction in any disputes between them legal action or proceedings with respect to this Agreement, and that this clause such service shall be grounds for dismissal deemed complete upon delivery thereof to the Process Agent, provided that in the case of any court action commenced by with respect such service upon the Process Agent, the Party effecting such service shall also deliver a copy thereof to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively the intended recipient in the state manner provided in Section 4.1. Each of the Parties shall take all such action as may be necessary to continue said appointment in full force and effect or federal courts sitting to appoint another agent so that each Partner will at all times have an agent for service of process for the above purposes in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party andNew York, in New York. In the event of the transfer of all or substantially all of the assets and business of the process agent to any other corporation by consolidation, merger, sale of assets or otherwise, such breachother corporation shall be substituted hereunder for the process agent with the same effect as if named herein in place of the Process Agent. Each of the Parties further irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered airmail, or threatened breachpostage prepaid, to such Party at its address set forth in this agreement, such service of process to be effective upon acknowledgment of receipt of such registered mail. Nothing herein shall affect the breaching party right of any Party to serve process in any other manner permitted by applicable laws. Each of the Partners expressly acknowledges that the foregoing waiver is intended to be irrevocable under the laws of the State of New York and of the United States of America.
(c) Each Party hereto agrees that money damages would not be a sufficient remedy for the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued Parties hereto for any breach of this Agreement by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breachit, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth the other Parties hereto may have, they shall be entitled to specific performance and to injunctive or other equitable relief as a remedy for any such breach. Each Party hereto agrees not to oppose the granting of such relief in the Agreement event a court determines that such a breach has occurred, and to waive any requirement for the securing or as set forth herein. The parties further agrees that they will not assert as a claim or defense posting of any bond in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawconnection with such remedy.
Appears in 1 contract
Samples: Option Agreement (Innova S De Rl)
Governing Law; Dispute Resolution. A. 12.9.1 This Agreement and the rights and obligations of the parties hereunder shall be governed in all respects, including validity, interpretation and effect, by and construed in accordance with the laws Law of the State of CaliforniaNevada, without giving effect regard to any principles or its rules regarding of conflicts of laws (either law.
12.9.2 Each of the parties hereto irrevocably consents to the exclusive jurisdiction of the state and federal courts located in the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or Nevada in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge actions, suits or attorney licensed to practice law in California with at least fifteen (15) years proceedings between or among any of experience in complex commercial transactions. If the parties are unable hereto, whether arising hereunder or otherwise, and irrevocably waives to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure fullest extent permitted by Law any objection which such party may now or hereafter have to the preceding sentence, a party shall give the other party reasonable advance written notice laying of the intended disclosure venue of any such action, suit or proceeding brought in such court and any claim that any such action, suit or proceeding brought in such court has been brought in an opportunity to prevent disclosure. Any award issued as a result of such arbitration inconvenient forum; provided, however, that the Company shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional have right to have any Disputes decided enforce the provisions of Article 11 hereof (Restrictive Covenants) in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction in any state.
12.9.3 Each of the parties hereto irrevocably consents to prevent or curtail any such breachservice of process by first class certified mail, return receipt requested, postage prepaid, or threatened breachby delivery by a nationally recognized express courier service, and to specific performance of any covenant contained hereinwith delivery charges prepaid, in each case without to the proof address at which such party is to receive notice in accordance with Section 12.1 hereof. Each of actual damage or the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law, all claims of error by reason of any bond or similar security being posted, in order such service pursuant to the terms hereof (but does not waive any right to assert lack of subject matter jurisdiction) and agrees that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy service (a) shall be deemed in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense every respect effective service of process in any such suit, action or proceeding and (b) shall, to the fullest extent permitted by applicable Law, be taken and held to be valid personal service. Nothing contained herein shall affect the right of any party hereto to serve process in any manner permitted by Law.
12.9.4 In the event any party hereto is required to engage the services of legal counsel in connection with an action to enforce any provision hereof that or interpret the terms and conditions of this Agreement against the other party has or had an adequate remedy parties, the prevailing party shall be entitled to recover its reasonable attorneys’ fees, costs and experts and accountants, and other related costs, from the non-prevailing party, including any fees or costs incurred at lawtrial or in any appellate proceeding.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any New York (regardless of the laws that might otherwise govern under applicable principles or rules regarding of conflicts of laws law).
(either b) The Company irrevocably consents and agrees that any legal action, suit or proceeding by the Underwriters or any person controlling any of the State of California Underwriters (a "Specified Party") with respect to their rights, obligations or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute liabilities under or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance connection with this Agreement shall be decided brought by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither such party shall disclose any information about the evidence produced by the other party only in the arbitration proceedings, except in United States District Court for the course Southern District of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party andNew York or, in the event (but only in the event) such court does not have subject matter jurisdiction over such action, suit or proceeding, in the courts of the State of New York sitting in the Borough of Manhattan, New York City, and the Company hereby irrevocably waives any claim that such breachproceeding has been brought in an inconvenient forum and irrevocably accepts and submits to the jurisdiction of each of the aforesaid courts in personam, with respect to any such action, suit or proceeding (including, without limitation, claims for interim relief, counterclaims, actions with multiple defendants and actions in which such party is implied), it being understood that this provision inures to the benefit only of Specified Parties and no third parties. The Underwriters and the Company hereto irrevocably and unconditionally waive any right that they may have to a jury trial in any legal action, suit or proceeding with respect to, or threatened breach, arising out of or in connection with this Agreement. The Company further irrevocably consents to the breaching party agrees that service of process out of any of the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail aforementioned courts in any such breachaction or proceeding by the mailing of copies thereof by registered airmail, or threatened breachpostage prepaid, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies party at its address set forth in this Agreement, with copies to counsel as specified under Section 12, such service of process to be effective upon acknowledgment of receipt of such registered mail. Nothing herein shall affect the Agreement right of the Underwriters or as set forth hereinany person controlling the Underwriters to serve process in any other manner permitted by applicable law. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof Company and the Underwriters expressly acknowledge that the other party has or had an adequate remedy at lawforegoing waivers are intended to be irrevocable under the laws of the State of New York and of the United States of America.
Appears in 1 contract
Samples: Underwriting Agreement (Sprint Corp)
Governing Law; Dispute Resolution. A. This Agreement and its validity, construction, enforcement, interpretation and judicial proceeding shall be governed by and construed in accordance with the substantive laws of the State of California, New York without giving effect to any principles choice or rules regarding conflicts conflict of laws (either of the State of California law provision or any other jurisdiction) rule that would cause the application of the law laws of any other jurisdiction other than the State of California.
B. In the event of New York. For any dispute dispute, claim or controversy arising out of hereunder or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rightsconnection herewith, each party is solely (i) consents to and knowingly accepting accepts, generally and unconditionally, the use exclusive personal jurisdiction of arbitration as a means of resolution of the state and federal courts located in Denver, Colorado and any Disputes. The prevailing party related appellate court, and irrevocably agrees to be bound by any judgment rendered thereby in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them connection with respect to this Agreement, and that this clause shall be grounds for dismissal (ii) irrevocably waives any objection it may now or hereafter have as to the venue of any such suit, action or proceeding brought in such a court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce or that such court is an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall inconvenient forum. The Parties hereto acknowledge that money damages would be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a an inadequate remedy for any breach of its obligations under Paragraph 14 will result in irreparable harm to the other party Section 4.2 and, therefore, in the event of such breach, a breach or threatened breachbreach of Section 4.2, the breaching party agrees that the a Party may, in addition to other party will have available the right rights and remedies existing in its favor, apply to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to prevent or curtail any such breachenforce, or threatened breachprevent any violations of, and to specific performance the provisions of any covenant contained hereinSection 4.2. IN THE EVENT OF ANY JUDICIAL PROCEEDINGS, in each case without the proof of actual damage or any bond or similar security being postedTHE PARTIES KNOWINGLY AND VOLUNTARILY, in order that the breachAND HAVING HAD AN OPPORTUNITY TO CONSULT WITH COUNSEL, or threatened breachWAIVE ALL RIGHTS TO TRIAL BY JURY, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawAND AGREE THAT ANY AND ALL MATTERS SHALL BE DECIDED BY A JUDGE WITHOUT A JURY TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This (a) The validity, interpretation, construction, and performance of this Agreement shall be governed by and construed in accordance with the laws of the State of California, New York without giving effect regard to any principles or rules regarding its conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of Californiaprinciples.
B. In the event of (b) Subject to Section 7(c), any dispute dispute, controversy or controversy claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement (eachor Executive’s employment with the Company or any other Company Party will be finally settled by arbitration in New York, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectivesNew York before, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the then-existing American Arbitration Association (“AAA”)) Employment Arbitration Rules. The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and on both parties. Any arbitration conducted under this Section 7 shall be enforceable heard by any court having jurisdiction over a single arbitrator (the party against whom enforcement is sought“Arbitrator”) selected in accordance with the then-applicable rules of the AAA. By entering into The Arbitrator shall expeditiously hear and decide all matters concerning the dispute. Except as expressly provided to the contrary in this Agreement, the parties are waiving their constitutional right Arbitrator shall have the power to have any Disputes decided in a court of law (i) gather such materials, information, testimony and evidence as the Arbitrator deems relevant to the dispute before him or before a jury her (and waive each party will provide such materials, information, testimony and evidence requested by the right of appealArbitrator), and instead of relying on said rights, each party is solely (ii) grant injunctive relief and knowingly accepting the use of arbitration as a means of resolution of any Disputesenforce specific performance. The prevailing party in such arbitration decision of the Arbitrator shall be awarded its costs reasoned, rendered in writing, be final and reasonable attorneys’ fees. The binding upon the disputing parties and the parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall judgment upon the award may be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued entered by any court of competent jurisdiction to prevent or curtail jurisdiction.
(c) Notwithstanding Section 7(b) above, the Company (and any such breach, or threatened breachother Company Party) may make an application for, and to specific performance of any covenant contained hereinobtain, in each case without the proof of actual damage judicial emergency or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding temporary injunctive relief to enforce any provision hereof of the Restrictive Covenants (as defined in the Employment Agreement); provided, however, that the remainder of any such dispute (beyond the application for emergency or temporary injunctive relief) shall be subject to arbitration under this Section 7.
(d) By entering into this Agreement and entering into the arbitration provisions of this Section 7, THE PARTIES EXPRESSLY ACKNOWLEDGE AND AGREE THAT THEY ARE KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVING THEIR RIGHTS TO A JURY TRIAL.
(e) Nothing in this Section 7 shall prohibit a party to this Agreement from (i) instituting litigation to enforce any arbitration award, or (ii) joining the other party has to this Agreement in a litigation initiated by a person or had an adequate remedy at lawentity that is not a party to this Agreement.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, Delaware without giving effect to any principles choice or rules regarding conflicts conflict of laws law provision or rule (either whether of the State of California Delaware or any other jurisdiction) that would cause the application of the law Laws of any other jurisdiction other than those of the State of CaliforniaDelaware.
B. In the event of (b) The sole and exclusive method for resolving any claim or dispute or controversy (“Claim”) arising out of or in any way related relating to this Agreement, the matters referred to herein, or rights and obligations of the Products to be supplied by Supplier pursuant to parties under this Agreement (each, a “Dispute”other than with respect to the procedures set forth in Section 2.04(c) relating to and Disputed Amounts), whether such Claim arose or the parties will attempt in good faith facts on which such Claim is based occurred prior to resolve through negotiation such Dispute. Either party may initiate negotiations or after the execution and delivery of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one mediation and arbitration as provided in this Section 10.10.
(1c) neutral arbitrator who is Either party may give notice of a retired judge or attorney licensed Claim in writing to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsthe other party and the parties shall designate a mutually agreed mediator to resolve the Claim. If the parties are unable to agree on an arbitratora mediator, AAA they shall designate submit the arbitratorClaim to JAMS, Inc. in Wilmington, Delaware, and request a panel of prospective neutrals to conduct a mediation process, who shall be individuals with substantial experience with equity purchase agreements and complex commercial contracts as well as familiarity with Delaware law relevant to transactions of this type. The parties will cooperate with AAA and with one another mediation shall be convened within thirty (30) days of the notice of the Claim, or as soon thereafter as is feasible. If the mediation is unsuccessful in selecting resolving the arbitrator and in scheduling Claim, either party may give notice of its intention to arbitrate the arbitration proceedings Claim in accordance with applicable AAA proceduresSection 10.10(d).
(d) Any arbitration to resolve a Claim shall be administered by JAMS, Inc. in accordance with its Comprehensive Arbitration Rules and Procedures (the “Arbitration Rules”) before one arbitrator to be appointed pursuant to the Arbitration Rules to conduct any such arbitration. The arbitrator shall have substantial experience with equity purchase agreements and complex commercial contracts as well as familiarity with Delaware law relevant to transactions of this type. All meetings of the parties and all hearings with respect to any such arbitration proceedings shall take place in Wilmington, Delaware, or such other place as the parties may designate. Each party to the arbitration shall bear its own costs and expenses (including all attorneys’ fees and expenses, except to the extent otherwise required by applicable Law), and all costs and expenses of the arbitration proceeding (such as filing fees, the arbitrator’s fees, hearing expenses, etc.) shall be confidential. Neither borne equally by the parties; provided, however, that the arbitrator may, in the arbitrator’s discretion, award costs and expenses to the prevailing party shall in the arbitration.
(e) In the event that any party or any of such party’s Affiliates, associates or representatives is requested or required (by oral question or request for information or documents in any legal proceeding, interrogatory, subpoena, civil investigative demand or similar process) to disclose any information about concerning an arbitration or mediation proceeding conducted in accordance with this Agreement (the evidence produced “Disclosing Party”), such Disclosing Party shall notify the other parties promptly of the request or requirement so that any such other party may seek an appropriate protective order or waive compliance with the provisions of this Section 10.10. If, in the absence of a protective order or the receipt of a waiver hereunder, the Disclosing Party or any of its Affiliates, associates or representatives believes in good faith, upon the advice of legal counsel, that it is compelled to disclose any such information, such Disclosing Party may disclose such portion of the information as it believes in good faith, upon the advice of legal counsel, it is required to disclose; provided that the Disclosing Party shall use reasonable efforts to obtain, at the request and expense of such other party, an order or other assurance that confidential treatment shall be accorded to such portion of the Arbitration Information required to be disclosed as such other party shall designate. Notwithstanding anything in this Section 10.10 to the contrary, the parties shall have no obligation to keep confidential any Arbitration Information that becomes generally known to and available for use by the public other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued than as a result of the disclosing party’s acts or omissions or the acts or omissions of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreementparty’s Affiliates, the parties are waiving their constitutional right to have any Disputes decided in a court of law associates or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ feesrepresentatives. The parties agree that that, subject to the right of any party to appeal or move to vacate or confirm any decision, judgment, ruling, finding, award or other determination of an arbitration as provided in this clause has been included to rapidly and inexpensively resolve Section 10.10, the decision, judgment, ruling, finding, award or other determination of any disputes between them with respect to this Agreement, and that this clause arbitration under the Arbitration Rules shall be grounds for dismissal final, conclusive and binding on all of the parties hereto and any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding institute litigation to enforce any provision hereof that final decision, judgment, ruling, finding, award or other determination of the other party has or had an adequate remedy at lawarbitration.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement, and any claim, dispute, or controversy of whatever nature arising out of or relating to this Agreement shall will be governed by and construed in accordance with the laws of the State of CaliforniaNew York, U.S.A., without giving effect to any principles or rules regarding conflicts of laws (either choice of the State of California or any other jurisdiction) law that would cause require the application of the law laws of any other jurisdiction other than a different state or country. *** Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the State Securities and Exchange Commission pursuant to Rule 24b-2 of Californiathe Securities Exchange Act of 1934, as amended.
B. In the event of (b) The Parties will try to settle their differences amicably between themselves. If any dispute claim, dispute, or controversy of whatever nature arising out of or in any way related relating to this Agreement, including the matters referred to herein, performance or the Products to be supplied by Supplier pursuant to alleged non-performance of a Party of its obligations under this Agreement arises between the Parties (each, each a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party a Party may initiate negotiations of any Dispute by providing written notice to notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute within [***] of receipt of the written notice by the other Party, such Dispute will be referred to the Chief Executive Officers of each of the Parties who will use their good faith efforts to resolve the Dispute within [***] after such referral.
(c) If a Dispute is not resolved by as provided in the preceding Section 17.4(b), whether before or after termination of this exchange of correspondenceAgreement, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt Parties hereby agree to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with administered under the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided of JAMS by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law appointed in California accordance with at least fifteen the said Rules, provided that upon request of either Party, three (153) years of experience in complex commercial transactionsarbitrators will be appointed. If the parties Parties are unable to agree on an arbitratormutually select such panel, AAA shall designate the arbitrator. The parties panel will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings be selected in accordance with applicable AAA proceduresthe procedures of JAMS. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced The decision and award rendered by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall panel will be final and binding between binding. In any such arbitration, the parties thereto arbitrators will not have the right to modify the terms and shall conditions of this Agreement. As a result, the rights and obligations of the Parties will be enforceable by determined in accordance with the terms and conditions of this Agreement and any decision or award will be only in accordance with the terms and conditions of this Agreement. The Parties will exert best efforts to have the decision and award rendered within [***] after the first to occur of (i) notice of breach of this Agreement, which breach is a subject of the arbitration, and (ii) a notice invoking this arbitration provision. Judgment upon the award may be entered in any court having jurisdiction over thereof. Any arbitration pursuant to this section will be held in Washington, D.C. or such other place as may be mutually agreed upon in writing by the party against whom enforcement is soughtParties. By entering into this Agreement, the parties are waiving their constitutional right With respect to have any Disputes decided arising in connection with an alleged breach of a court of law or before a jury Party’s rights and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them obligations with respect to confidential Know-How or Confidential Information received from the other Party, the arbitrator will apply the discovery provisions of the Federal Rules of Civil Procedure. This means that depositions may be taken and full discovery may be obtained in any arbitration commenced under this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by Section 17.4 with respect to such Disputes. *** Certain confidential information contained in this Agreementdocument, other than post-arbitration actions seeking marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to enforce an arbitration award and actions seeking equitableRule 24b-2 of the Securities Exchange Act of 1934, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesas amended.
D. Each party agrees that a breach (d) Notwithstanding the provisions of its obligations under Paragraph 14 will result in irreparable harm to the other party andthis Section 17.4, in the event of such breach, or threatened breach, the breaching party agrees that the other party either Party will have available the right to preliminary and seek temporary or permanent injunctive relief and other equitable relief issued by in any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions as may be effectively restrainedavailable to such Party under the laws and rules applicable in such jurisdiction. The parties agree that Further, the provisions of this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they Section 17.4 will not assert as apply with respect to any claim of a claim or defense in any action or proceeding to enforce any provision hereof Party that the other party has or had an adequate remedy at lawParty is infringing any of its patents.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This Agreement shall be governed by and construed in accordance with the laws of the State of CaliforniaTHE TERMS OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF COLORADO WITHOUT REGARD TO CHOICE OF LAW PRINCIPLES; PROVIDED, without giving effect HOWEVER, THAT THE BANKRUPTCY COURT SHALL RETAIN EXCLUSIVE JURISDICTION AS TO ALL MATTERS PERTAINING TO THIS AGREEMENT AND THE TRANSACTION CONTEMPLATED HEREBY UNTIL THE CLOSING OR SUCH TIME THEREAFTER AS REQUIRED BY THE CODE. The parties each agree to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation any controversy, claim or dispute arisin out of or relating to the Agreement, or breach thereof (hereinafter collectively referred to as a "Dispute"). In the event such Disputenegotiations fail, the Dispute shall first be submitted for initial fact-finding mediation to a neutral third party reasonably acceptable to both the Sellers, on the one hand, and the Purchaser, on the other, in Colorado or at such other place as the parties mutually agree. Such mediator shall be selected within thirty (30) days of written notice by either party to the other demanding such fact-finding mediation. In the event that the Sellers and the Purchaser cannot resolve the Dispute within sixty (60) days of the initial demand for such fact-finding mediation, the Sellers and the Purchaser each reserve the right to demand, within 30 days thereafter, that the Dispute be submitted to arbitration. Either party may initiate negotiations of any Dispute an arbitration proceeding by providing written notice a request in writing submitted to the other party. Thereupon, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angelesaccordance wit the American Arbitration Association which shall appoint three (3) arbitrators, California in accordance with one of which shall be selected by the then current rules Sellers, one by the Purchaser, and the third by the arbitrators selected by the parties (the "Arbitrators"). The arbitration shall be governed by the Commercial Arbitration Rules of the American Arbitration Association (“AAA”)Association. The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced award rendered by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration Arbitrators shall be final and binding between enforcement upon the parties thereto and shall award may be enforceable entered by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputesthereof. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ feesconducted in Denver, Colorado or at such other place as the parties mutually agree. The parties agree that this clause has been included Arbitrators shall award reasonable attorney's fees to rapidly and inexpensively resolve any disputes between them with respect the prevailing party. Subject to this Agreementthe foregoing, and that this clause the costs of such fact-finding mediation and/or arbitration shall be grounds for dismissal of any court action commenced borne equally by with respect to the Sellers and the Purchaser. Notwithstanding anything in this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm Section 14.9 to the other contrary, either party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent may seek injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that non-competition or confidentiality obligations of the other party has or had an adequate remedy at lawparty. NOTWITHSTANDING THE FOREGOING, THE DISPUTE RESOLUTIONS SET FORTH HEREIN ARE EXPRESSLY SUBJECT TO THE PROVISIONS OF THE CODE.
Appears in 1 contract
Samples: Asset Purchase Agreement (Interwest Home Medical Inc)
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between the Parties arising from or in connection with this Agreement or any transactions contemplated by this Agreement, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, (“Disputes”) including Disputes arising in connection with claims by third persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this Section 17; provided, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES AND THE ADJUDICATION AND ENFORCEMENT THEREOF SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE, UNITED STATES OF AMERICA AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS THEREOF.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Parties may initiate this procedure by delivery of written notice of the Dispute (the “Dispute Notice”) to the other. Not later than 20 days after delivery of the Dispute Notice, one executive of one of the Parties with authority to settle the Dispute shall meet with one executive of the other Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The executives shall exchange relevant information and endeavor to resolve the Dispute. Prior to any such meeting, each Party’s executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this Section 17(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
(d) Each Party hereby agrees to submit all Disputes not resolved pursuant to Section 17(c) to final and binding arbitration in New York, New York, U.S. Either Party may initiate such arbitration by delivery of a demand therefor (the “Arbitration Demand”) to the other party, setting forth Party not sooner than 60 days after the subject date of delivery of the Dispute. The recipient Dispute Notice but promptly thereafter; provided, that if a Party rejects participation in the procedures provided under Section 17(c), the other Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such notice will respond rejection, including attorneys’ fees and expenses, and Arbitration Costs (as defined below) in writing connection with arbitration hereunder.
(e) Three Arbitrators shall be appointed (the “Arbitrators”), one of whom shall be appointed by Company, one by Consulting Firm, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two Arbitrators within ten (10) calendar days with a statement Business Days of its position on and recommended solution to the Disputefirst two Arbitrators’ confirmation by the American Arbitration Association. If either Party fails to appoint an Arbitrator within ten (10) Business Days of a request in writing by the Dispute is other Party to do so or if the first two Arbitrators cannot resolved agree on the appointment of the third Arbitrator within ten (10) Business Days of their confirmation by this exchange of correspondencethe American Arbitration Association, then representatives of each party such Arbitrator shall be appointed by the American Arbitration Association in accordance with full settlement authority will meet at its Commercial Arbitration Rules. As soon as the arbitration tribunal has been convened, a mutually agreeable time and place hearing date shall be set within thirty fifteen (3015) calendar days of thereafter; provided, that the Arbitrators may extend the date of the initial notice hearing upon request of any Party to the extent necessary to insure that such Party is given a reasonable period of time to prepare for the hearing. Written submittals in order the English language shall be presented and exchanged by both Parties five Business Days before the hearing date. At such time the Parties shall also exchange copies of all documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to exchange relevant information call to testify at the hearing. The Arbitrators shall make their determination as promptly as practicable after conclusion of the hearing.
(i) The arbitration shall be conducted in the English language pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Notwithstanding the foregoing, (A) each Party shall have the right to audit the books and perspectivesrecords of the other Party that are reasonably related to the Dispute; (B) each Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Party intends to present at such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Party may at its expense make a stenographic record thereof.
(ii) The Arbitrators shall endeavor to complete all hearings not later than 120 days after their tribunal has been convened, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall make a final award as promptly as practicable thereafter. Such award shall be settled exclusively communicated, in writing, by final the Arbitrators to the Parties, and binding arbitration in Los Angeles, California shall contain specific findings of fact and conclusions of law in accordance with the then current rules of the American Arbitration Association (“AAA”governing law set forth in Section 17(b). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction, including expressly the courts of the State of New York, U.S., and the courts of the Federal District of Mexico. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators’ fees and expenses, fees and expenses of experts and fees and expenses of translators (''Arbitration Costs”) between the prevailing and non-prevailing Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against on grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Party has rejected participation in procedures under Section 17(c), the Arbitrators may assess all Arbitration Costs against the non-prevailing Party and may include in the award the prevailing Party’s attorneys’ fees and expenses in connection with any and all proceedings under this Section 17. Notwithstanding the foregoing, in no event may the Arbitrators award multiple or punitive damages.
(f) Pursuant to an agreement of the Parties or a judicial determination that a Dispute is not subject to final and binding arbitration as set forth in Section 17, each Party irrevocably agrees that any legal action or proceeding against it with respect to this Agreement and any transaction contemplated by this Agreement shall be brought only in the courts of the State of New York, or of Federal courts of the U.S. sitting in New York, and by execution and delivery of this Agreement, each Party irrevocably submits to the venue and jurisdiction over of each such court and irrevocably waives any objection or defense such party may have to venue or personal jurisdiction in any such court for the party against whom enforcement is sought. By entering into purpose of resolving any claim, dispute, cause of action arising out of or related to this Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court enforcement of law or before a jury the terms of this Agreement and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedterms contemplated hereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(g) Each of the Parties irrevocably appoints CT Corporation (the “Process Agent”), at 100 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (212-894-8940), respectively as its agent and true and lawful attorney-in-fact in its name, place and stead to accept on behalf of each of the Parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of New York, and each of the Parties agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
Appears in 1 contract
Samples: Consulting Agreement (Grupo TMM Sa)
Governing Law; Dispute Resolution. A. This (a) Except as otherwise provided herein, this Agreement shall be governed by and construed in accordance with the domestic laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of CaliforniaMexico.
B. In the event of any dispute or controversy (b) Except as specifically set forth elsewhere in this Agreement, all disputes arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant connection with to this Agreement (each, a “DisputeDisputes”) shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce (“ICC Rules”). Nothing in this Section 10.7(b) shall prohibit a Party from instituting litigation to enforce any Award (as defined below).
(c) In the event that any Party asserts that there exists a Dispute, the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing Party shall deliver a written notice to each other Party involved therein specifying the other party, setting forth the subject nature of the Disputeasserted Dispute (“Dispute Notice”). The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and A meeting to attempt to resolve the DisputeDispute shall take place within 10 (ten) Business Days after receipt of the Dispute Notice. In any case, whether or not such meeting takes place, if no such resolution is reached within 10 (ten) Business Days after receipt of the Dispute Notice, the Party delivering such Dispute Notice may commence arbitration hereunder by submitting a request for arbitration to the International Court of Arbitration of the International Chamber of Commerce. Any arbitration procedure commenced hereunder shall be held in Xxx Xxxx Xxxx, Xxx Xxxx, Xxxxxx Xxxxxx of America and be conducted in the English language. The arbitral tribunal may request the translation of a document upon request of one of the Parties.
C. If the Dispute is not resolved by these negotiations, such Dispute (d) Each Party to any arbitration proceeding shall be settled exclusively by final and binding arbitration in Los Angeles, California select one independent arbitrator in accordance with the then current rules of ICC Rules. In the American Arbitration Association (“AAA”). The parties agree event that any and all Disputes that are submitted either Party fails to arbitration select an independent arbitrator in accordance with this Agreement the ICC Rules, then the matter shall be decided resolved by one (1) neutral the arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsselected by the other Party. If both Parties have selected an independent arbitrator as set forth herein, then a third independent arbitrator shall be appointed by the parties are unable International Chamber of Commerce and the three arbitrators so selected shall resolve the matter according to agree on an arbitratorthe procedures set forth in this Section 10.7.
(e) Arbitration, AAA including the amount and distribution of costs and expenses, shall designate be conducted under the arbitratorICC Rules in effect from time to time, except as modified by the agreement of all of the Parties. The parties will cooperate with AAA and with one another in selecting It is the arbitrator and in scheduling intention of the Parties that the arbitration proceedings in accordance with applicable AAA procedureswill be concluded within 180 (one hundred eighty) days from the date the arbitrators are appointed. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party The arbitral tribunal may extend this time in the arbitration proceedings, except in the course interest of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authorityjustice. Before making any disclosure permitted by the preceding sentence, Failure to adhere to this time limit shall not constitute a party shall give the other party reasonable advance written notice basis for challenge of the intended disclosure and an opportunity to prevent disclosureaward. Any The arbitrator(s) shall conduct arbitration in such a manner that the final award issued (the “Award”) is made or rendered as a result of such arbitration soon as practicable. The Award shall be final and binding between the parties thereto on all Parties, and there shall be enforceable no appeal from or reexamination of the Award except as expressly provided by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los AngelesICC Rules.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result (f) Any Party may enforce any Award in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction jurisdiction.
(g) If any Party fails to prevent pay the amount of any damages, if any, assessed against it within 10 (ten) days of the delivery to such Party of such Award, the unpaid amounts shall bear interest from the date of such delivery at a rate per annum equal to the lesser of (i) the Prime Rate plus 200 (two hundred) basic points, or curtail (ii) the maximum rate permitted by applicable usury laws. Interest on any such breachunpaid amount shall be compounded semi-annually, computed on the basis of a 360 (three hundred sixty) day year consisting of 12 (twelve) 30 (thirty) day months and shall be payable on demand. In addition, such Party shall promptly reimburse the other Party for any and all reasonable costs or threatened breach, and to specific performance expenses of any covenant contained hereinnature or kind whatsoever (including, but not limited to, reasonable attorney’s fees) incurred in each case without the proof of actual damage seeking to collect such damages or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawAward.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by by, and construed in accordance with with, the laws of the State of California, New York without giving effect regard to any principles choice of laws or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) provisions thereof that would cause require the application of the law laws of any other jurisdiction, except to the extent that mandatory principles of Delaware law may apply.
(b) The Company and each of the Investors hereby irrevocably and unconditionally:
(i) submits for itself and its property in any legal action or proceeding relating solely to this Agreement or the transactions contemplated hereby, to the general jurisdiction other than of the any state court or United States Federal court sitting in the Borough of Manhattan, City of New York in the State of California.New York;
B. In (ii) consents that any such action or proceeding may be brought in such courts, and waives any objection that it may now or hereafter have to the event venue of any dispute such action or controversy arising out of or proceeding in any way related such court or that such action or proceeding was brought in an inconvenient court and agrees not to this Agreement, plead or claim the matters referred same to herein, the extent permitted by applicable law;
(iii) agrees that service of process in any such action or the Products to proceeding may be supplied effected by Supplier pursuant to this Agreement mailing a copy thereof by registered or certified mail (each, a “Dispute”or any substantially similar form of mail), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice postage prepaid, to the other party, setting as the case may be, at its address set forth the subject in Section 8.2 or at such other address of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by which the other party shall have been notified pursuant thereto;
(iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction for recognition and enforcement of any judgment or if jurisdiction in the arbitration proceedings, except courts referenced in the course foregoing clause (i) are not available despite the intentions of judicialthe parties hereto;
(v) agrees that final judgment in any such suit, regulatoryaction or proceeding brought in such a court may be enforced in the courts of any jurisdiction to which such party is subject by a suit upon such judgment, or arbitration proceeding, provided that service of process is effected upon such party in the manner specified herein or as may be demanded by government authority. Before making any disclosure otherwise permitted by law;
(vi) agrees that to the preceding sentence, a extent that such party shall give the other party reasonable advance written notice has or hereafter may acquire any immunity from jurisdiction of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have or from any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them legal process with respect to this Agreementitself or its property, and that this clause shall be grounds for dismissal of any court action commenced by with such party hereby irrevocably waives such immunity in respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm this Agreement, to the other party extent permitted by law; and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary
(vii) irrevocably and permanent injunctive relief and other equitable relief issued unconditionally waives trial by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense jury in any legal action or proceeding in relation to enforce any provision hereof that the other party has or had an adequate remedy at lawthis Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Senti Biosciences, Inc.)
Governing Law; Dispute Resolution. A. a. If a dispute, controversy or claim arises between the parties relating to the interpretation or performance of this Agreement or the grounds for the termination hereof (“Dispute”), appropriate senior executives of TEPPCO and Consultant who shall have authority to resolve the matter shall meet to attempt in good faith to negotiate a resolution of the Dispute prior to pursuing other available remedies. The initial meeting between the appropriate senior executives, which shall be held within 10 business days of Notice to the other party of the Dispute in Houston, Texas or such other place as the parties may mutually agree, shall be referred to herein as the “Dispute Resolution Commencement Date.” Discussions and correspondence relating to attempted resolution of such Dispute shall be treated as confidential information developed for the purpose of settlement and shall be exempt from discovery or production and shall not be admissible. If the senior executives are unable to resolve the Dispute within 30 days from the Dispute Resolution Commencement Date, and any of the parties wishes to pursue such Dispute, then the Dispute shall be mediated by a mutually acceptable mediator within 30 days after written notice by one party to the other demanding non-binding mediation. No party may unreasonably withhold consent to the selection of a mediator. The mediation shall be held in Houston, Texas or at such other place as the parties may mutually agree. TEPPCO, on one hand, and Consultant on the other hand, shall share the costs of the mediation equally, except that each party shall bear its own costs and expenses, including attorney’s fees, witness fees, travel expenses, and preparation costs.
b. If mediation does not prove successful, either party may proceed as follows: This Agreement shall be governed by the general maritime laws of the United States, to the extent applicable, and construed in accordance with otherwise by the laws of the State state of California, Texas without giving effect regard to the application of any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause law’s principles which might otherwise require the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”)another jurisdiction. The parties agree that further consent to personal jurisdiction in any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them action brought with respect to this AgreementAgreement in any federal or state court in Tarrant County, and Texas and, further, that this clause such venue shall be grounds the exclusive venue for dismissal of resolving any court dispute arising under this Agreement. In addition, both Consultant and TEPPCO hereby waive their right to trial by jury in connection with any suit, action commenced by with respect or proceeding relating to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement Agreement, and the rights and obligations of each and all of the Partners hereunder, shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In the event of (b) Subject to Section 9.8(c), any dispute dispute, controversy, suit, action or controversy proceeding arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect relating to this Agreement, other than postinjunctive relief, will be settled exclusively by arbitration, conducted before a single arbitrator in New York County, New York (applying Delaware law) in accordance with, and pursuant to, the applicable rules of JAMS (“JAMS”). The arbitration shall be conducted on a strictly confidential basis, and none of the parties shall disclose the existence of a claim, the nature of a claim, any documents, exhibits, or information exchanged or presented in connection with such a claim, or the result of any action, to any third party, except as required by law, with the sole exception of their legal counsel and parties engaged by that counsel to assist in the arbitration process, who also shall be bound by these confidentiality terms. The decision of the arbitrator will be final and binding upon the parties hereto. Any arbitral award may be entered as a judgment or order in any court of competent jurisdiction. Any party hereto may commence litigation in court to obtain injunctive relief in aid of arbitration, to compel arbitration, or to confirm or vacate an award, to the extent authorized by the U.S. Federal Arbitration Act or the New York Arbitration Act. The party that is determined by the arbitrator not to be the prevailing party will pay all of the JAMS’s administrative fees and the arbitrator’s fee and expenses. If neither party is so determined, such fees shall be shared. Each party shall be responsible for such party’s own attorneys’ fees. IF THIS AGREEMENT TO ARBITRATE IS HELD INVALID OR UNENFORCEABLE THEN, TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTNER AND THE PARTNERSHIP WAIVE AND COVENANT THAT THE PARTNER AND THE PARTNERSHIP WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT, WHETHER NOW OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREE THAT THE PARTNERSHIP OR ANY OF ITS AFFILIATES OR ANY PARTNER MAY FILE A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-arbitration actions seeking FOR AGREEMENT AMONG THE PARTNERSHIP AND ITS AFFILIATES, ON THE ONE HAND, AND THE PARTNER, ON THE OTHER HAND, IRREVOCABLY TO WAIVE THE RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN SUCH PARTIES ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THAT ANY PROCEEDING PROPERLY HEARD BY A COURT UNDER THIS AGREEMENT WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.
(c) Nothing in this Section 9.8 will prevent the General Partner or a Limited Partner from applying to enforce an arbitration award a court for preliminary or interim relief or permanent injunction in a judicial proceeding (e.g., injunction or restraining order), in addition to and actions seeking equitablenot in lieu of any other remedy to which it may be entitled at law or in equity, if such relief from a court is necessary to preserve the status quo pending resolution or to prevent serious and irreparable injury in connection with any breach or anticipated breach of covenants applicable pursuant to a Limited Partner’s Award Letter; provided, however, that all parties explicitly waive all rights to seek preliminary, interim, injunctive or other similar relief in accordance with Paragraph 11D hereofa judicial proceeding and all parties submit to the exclusive jurisdiction of the forum described in Section 9.8(b) hereto for any dispute or claim concerning continuing entitlement to distributions or other payments, which shall be resolved exclusively even if such dispute or claim involves or relates to any restrictive covenants set forth in a Limited Partner’s Award Letter. For the purposes of this Section 9.8(c), each party hereto consents to the exclusive jurisdiction and venue of the courts of the state or and federal courts sitting in within the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, New York in the event State of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawNew York.
Appears in 1 contract
Samples: Agreement of Limited Partnership (Apollo Global Management LLC)
Governing Law; Dispute Resolution. A. This Agreement shall be governed by by, and construed and enforced in accordance with with, the laws of the State of California, without giving effect to any principles or rules regarding conflicts Delaware other than conflict of laws (either of the State of California or any other jurisdiction) that would cause principles thereof directing the application of the any law of any other jurisdiction other than the State that of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”)Delaware. The parties agree that any and the courts within the State of Delaware will have jurisdiction over all Disputes that are submitted disputes between the parties hereto arising out of or relating to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If and the parties are unable to agree on an arbitratoragreements, AAA shall designate the arbitratorinstruments and documents contemplated hereby. The parties will cooperate with AAA hereby consent to and with one another agree to submit to the jurisdiction of such courts. Each of the parties hereto waives, and agrees not to assert in selecting any such dispute, to the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure fullest extent permitted by applicable law, any claim that (i) such party is not personally subject to the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result jurisdiction of such arbitration shall be final courts, (ii) such party and binding between the parties thereto and shall be enforceable such party’s property is immune from any legal process issued by such courts or (iii) any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party litigation commenced in such arbitration shall be awarded its costs and reasonable attorneys’ feescourts is brought in an inconvenient forum. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this AgreementWAIVER OF JURY TRIAL: EACH PARTY HEREBY WAIVES ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this AgreementTHE OTHER TRANSACTION DOCUMENTS, other than postTHE SECURITIES OR THE SUBJECT MATTER HEREOF OR THEREOF. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-arbitration actions seeking to enforce an arbitration award and actions seeking equitableENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, injunctive or other similar relief in accordance with Paragraph 11D hereofINCLUDING, which shall be resolved exclusively in the state or federal courts sitting in the County of Los AngelesWITHOUT LIMITATION, CONTRACT CLAIMS, TORT CLAIMS (INCLUDING NEGLIGENCE), BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. THIS SECTION HAS BEEN FULLY DISCUSSED BY EACH OF THE PARTIES HERETO AND THESE PROVISIONS WILL NOT BE SUBJECT TO ANY EXCEPTIONS. EACH PARTY HERETO HEREBY FURTHER WARRANTS AND REPRESENTS THAT SUCH PARTY HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT SUCH PARTY KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Registration Rights and Stock Restriction Agreement (Innovus Pharmaceuticals, Inc.)
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between KCS, on the one hand, and one or more of TMM, TMMH, MM, the Principal Stockholders, and any of their respective Affiliates on the other hand, (each of KCS, on the one hand, and TMM, TMMH, MM, the Principal Stockholders, or any of their respective Affiliates, on the other hand, a "Dispute Party" and, both of KCS, on the one hand, and TMM, TMMH, MM, the Principal Stockholders, or any of their respective Affiliates, on the other hand, the "Dispute Parties") arising from or in connection with this Stockholders' Agreement or any transactions contemplated by this Stockholders' Agreement, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, ("Disputes"), including Disputes arising in connection with claims by third Persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this Section 9.12; provided, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES HERETO AND THE ADJUDICATION AND ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Dispute Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Dispute Parties may initiate this procedure by delivery of written notice of the Dispute (the "Dispute Notice") to the other party, setting forth the subject other. Not later than 20 days after delivery of the DisputeDispute Notice, one executive of one of the Dispute Parties with authority to settle the Dispute shall meet with one executive of the other Dispute Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to executives shall exchange relevant information and perspectives, and to attempt endeavor to resolve the Dispute. Prior to any such meeting, each Dispute Party's executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this Section 9.12(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
C. If the (d) Each Dispute is Party hereby agrees to submit all Disputes not resolved by these negotiations, such Dispute shall be settled exclusively by pursuant to Section 9.12(c) hereof to final and binding arbitration in Los AngelesNew York, California New York. Either Dispute Party may initiate such arbitration by delivery of a demand therefor (the "Arbitration Demand") to the other Dispute Party not sooner than 60 days after the date of delivery of the Dispute Notice but promptly thereafter; provided, that if a Dispute Party rejects participation in the procedures provided under Section 9.12(c), the other Dispute Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such rejection, including attorney's fees and expenses, and Arbitration Costs (as defined below) in connection with arbitration hereunder.
(i) Three Arbitrators shall be appointed (the "Arbitrators"), one of whom shall be appointed by KCS, one by TMM, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two Arbitrators within 10 business days of the first two Arbitrators confirmation by the American Arbitration Association. Each Party agrees that the TMM Holders shall be considered jointly as one side for the purposes of constitution of the arbitration tribunal hereunder. If either Dispute Party fails to appoint an Arbitrator within 10 business days of a request in writing by the other Dispute Party to do so or if the first two Arbitrators cannot agree on the appointment of the third Arbitrator within 10 business days of their confirmation by the American Arbitration Association, then such Arbitrator shall be appointed by the American Arbitration Association in accordance with its Commercial Arbitration Rules. As soon as the arbitration tribunal has been convened, a hearing date shall be set within 15 days thereafter; provided, that the Arbitrators may extend the date of the hearing upon request of any Dispute Party to the extent necessary to insure that such Dispute Party is given a reasonable period of time to prepare for the hearing. Written submittals in the English language shall be presented and exchanged by both Dispute Parties five business days before the hearing date. At such time the Dispute Parties shall also exchange copies of all documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to call to testify at the hearing. The Arbitrators shall make their determination as promptly as practicable after conclusion of the hearing.
(ii) The arbitration shall be conducted in the English language pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Notwithstanding the foregoing, (A) each Dispute Party shall have the right to audit the books and records of the other Dispute Party that are reasonably related to the Dispute; (B) each Dispute Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Dispute Party intends to present in such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Dispute Party may at its expense make a stenographic record thereof.
(iii) The Arbitrators shall endeavor to complete all hearings not later than 120 days after their tribunal has been convened, and shall make a final award as promptly as practicable thereafter. Such award shall be communicated, in writing, by the Arbitrators to the Dispute Parties, and shall contain specific findings of fact and conclusions of law in accordance with the then current rules governing law set forth in Section 9.12(b) of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureAgreement. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction over jurisdiction, including expressly the party courts of the State of New York, United States of America, and the courts of the Federal District of Mexico. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators' fees and expenses, fees and expenses of experts and fees and expenses of translators ("Arbitration Costs") between the prevailing and non-prevailing Dispute Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against whom enforcement is sought. By entering into this Agreementon grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Dispute Party has rejected participation in procedures under Section 9.12(c), the parties are waiving their constitutional right Arbitrators may assess all Arbitration Costs against the non-prevailing Dispute Party and may include in the award the prevailing Dispute Party's attorney's fees and expenses in connection with any and all proceedings under this Section 9.12. Notwithstanding the foregoing, in no event may the arbitrator award multiple or punitive damages.
(e) Pursuant to have any Disputes decided in an agreement of the Parties hereto or a court of law or before judicial determination that a jury Dispute is not subject to final and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of binding arbitration as a means of resolution of set forth in Section 9.12(d), KCS, TMM, TMMH, MM and the Principal Stockholders each irrevocably agrees that any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them legal action or proceeding against it with respect to this Stockholders' Agreement and any transaction contemplated by this Stockholders' Agreement shall be brought only in the courts of the State of New York, or of Federal courts of the United States of America sitting in New York, and by execution and delivery of this Stockholders' Agreement, KCS and that this clause shall be grounds each of TMM Holders irrevocably submits to the venue and jurisdiction of each such court and irrevocably waives any objection or defense such Party may have to venue or personal jurisdiction in any such court for dismissal the purpose of resolving any court claim, dispute, cause of action commenced by with respect arising out of or related to this Stockholders' Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Stockholders' Agreement, other than post-arbitration actions seeking to enforce an arbitration award the enforcement of the terms of this Stockholders' Agreement, the Acquisition Agreement, the Ancillary Agreements and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary terms contemplated hereby and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedthereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(f) Each of the Parties hereto irrevocably appoints CT Corporation (the "Process Agent"), at 1209 Orange Street, Wilmington, Delaware, 19801 (telephone 300-000-0000) xx xxx xxxxx xxx xxxx xxx xxxxxx xxxorney-in-fact xx xxx xxxx, place and stead to accept on behalf of each of the parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of New York, and each of the Parties hereto agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties hereto shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This Agreement shall be interpreted, construed and governed by and construed in accordance with the Laws of the State of New York without regard to the conflicts of law principles thereof, except that the following matters arising out of or relating to this Agreement shall be interpreted, construed and governed by and in accordance with the Laws of the Cayman Islands in respect of which the parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of the courts of the Cayman Islands: the Merger, the vesting of the undertaking, property and liabilities of Merger Sub in the Surviving Corporation, the cancellation of the Shares, the rights provided for in Section 238 of the CICL with respect to any Dissenting Shares, the fiduciary or other duties of the Company Board and the directors of Merger Sub and the internal corporate affairs of the Company and Merger Sub. All Actions arising under the laws of the State of CaliforniaNew York out of or relating to this Agreement shall be heard and determined exclusively in any New York federal court sitting in the Borough of Manhattan of The City of New York, without giving effect provided, however, that if such federal court does not have jurisdiction over such Action, such Action shall be heard and determined exclusively in any New York state court sitting in the Borough of Manhattan of The City of New York . Each of the parties hereto agrees that mailing of process or other papers in connection with any such Action in the manner provided in Section 9.02 or in such other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the parties hereto hereby (a) submit to the exclusive jurisdiction of any principles federal or rules regarding conflicts state court sitting in the Borough of Manhattan of The City of New York for the purpose of any Action arising under the laws (either of the State of California New York out of or relating to this Agreement brought by any other jurisdictionparty hereto and (b) irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any Action with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder (i) any claim that would cause it is not personally subject to the application jurisdiction of the law of aforesaid courts for any other jurisdiction reason other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related failure to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration serve process in accordance with this Agreement shall be decided by one Section 9.09, (1ii) neutral arbitrator who any claim that it or its property is a retired judge exempt or attorney licensed immune from the jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to practice law judgment, attachment in California with at least fifteen aid of execution of judgment, execution of judgment or otherwise) and (15iii) years of experience in complex commercial transactions. If to the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure fullest extent permitted by applicable Law, any claim that (A) the preceding sentenceAction in such court is brought in an inconvenient forum, a party shall give (B) the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result venue of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement Action is sought. By entering into improper or (C) this Agreement, or the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D subject matter hereof, which shall may not be resolved exclusively enforced in the state or federal courts sitting in the County of Los Angelesby such courts.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Governing Law; Dispute Resolution. A. 17.5.1. This Agreement, and any disputes between the Parties related to or arising out of this Agreement, including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement (each a “Dispute”), shall be governed by and construed in accordance with the laws of the State of California, New York without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 17.5.2. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (eachDispute, a “Dispute”), Party may notify the parties will attempt other Party in good faith to resolve through negotiation writing of such Dispute. Either party may initiate negotiations of any , and the Parties shall try to settle such Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Disputeamicably between themselves. If the Parties are unable to resolve the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of receipt of the date of written notice by the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiationsother Party, such Dispute shall be settled exclusively by final and binding arbitration in Los Angelesreferred to, California in accordance with respect to POZEN, the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA Chief Executive Officer and with one another in selecting respect to Licensee, the arbitrator U.S. Head of CV and in scheduling Specialty Care PCU or the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings delegate of such person or such other executive as Licensee may designate, who shall be confidential. Neither party shall disclose any information about use their good faith efforts to resolve the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureDispute within thirty (30) days after it was so referred.
17.5.3. Any award issued Dispute that is not resolved as a result provided in Section 17.5.2, whether before or after termination of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, shall be resolved by litigation in the parties are waiving their constitutional courts of competent jurisdiction located in New York, New York. Each Party hereby agrees to the exclusive jurisdiction of such courts and waives any objections as to the personal jurisdiction or venue of such courts.
17.5.4. Notwithstanding the foregoing, nothing in this Section 17.5 (Governing Law; Dispute Resolution) shall limit either Party’s right to have any Disputes decided seek immediate temporary injunctive or other temporary equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: License and Collaboration Agreement (Pozen Inc /Nc)
Governing Law; Dispute Resolution. A. This The validity, construction and enforceability of this Agreement and the resolution of disputes arising out of and relating to this Agreement and all related agreements, collectively or separately, shall be governed by and construed in accordance with the laws of the State of California, New York without giving effect regard to any principles or rules regarding conflicts of laws (either or choice of law provisions thereof and without regard to the State United Nations Convention on Contracts for the International Sale of California or any other jurisdiction) that would cause Goods. The parties shall attempt to resolve all disputes between the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy parties arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement amicably through good faith discussions upon the written request of any party. In the event that any such dispute cannot be resolved thereby within a period of [*] (each, a [*]) [*] after such notice has been given (the last day of such [*] ([*]) [*] period being herein referred to as the “DisputeArbitration Date”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute dispute shall be finally settled exclusively by final and binding arbitration in Los AngelesNew York, California New York, and using the English language in accordance with the JAMS International Arbitration Rules then current rules of in effect (the American Arbitration Association (“AAARules”). The parties agree that any and all Disputes that are submitted Arbitration shall be commenced by filing a Request for Arbitration in accordance with the Rules within [*] ([*]) [*] of the Arbitration Date. A party’s failure to arbitration timely file a Request for Arbitration in accordance with this Agreement Section 23.1 shall be decided by constitute a waiver and release of the claim or dispute at issue. Following the filing of the Request for Arbitration, the parties shall attempt to mutually agree on one (1or [*] Confidential treatment requested; certain information omitted and filed separately with the SEC. more commercial arbitrator(s) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of substantial experience in resolving complex commercial transactionscontract disputes in the pharmaceutical industry, who may or may not be selected from the appropriate list of JAMS arbitrators. If the parties are unable to cannot agree upon the number and identity of the arbitrators within [*] ([*]) [*] following the filing of the Request for Arbitration, then a single arbitrator shall be selected on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings expedited basis in accordance with applicable AAA procedures. All arbitration proceedings the Rules, provided that any arbitrator so selected shall be confidential. Neither party shall disclose any information about the evidence produced by the other party have substantial experience in resolving complex commercial contract disputes in the arbitration proceedings, except in pharmaceutical industry. The arbitrator(s) shall have the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure authority to grant specific performance and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding allocate between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use costs of arbitration (including service fees, arbitrator fees and all other fees related to the arbitration) in such equitable manner as a means of resolution of any Disputesthe arbitrator(s) may determine. The prevailing party in such the arbitration shall be awarded entitled to receive reimbursement of its costs and reasonable expenses (including reasonable attorneys’ fees, expert witness fees and all other expenses) incurred in connection therewith. The parties agree that this clause has been included Judgment upon the award so rendered may be entered in a court having jurisdiction or application may be made to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds such court for dismissal judicial acceptance of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitablean order of enforcement, injunctive or other similar relief in accordance with Paragraph 11D hereofas the case may be. Notwithstanding the foregoing, which each party shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to institute an action in a court of proper jurisdiction for preliminary and permanent injunctive relief pending a final decision by the arbitrator(s), provided that a permanent injunction and other equitable relief issued damages shall only be awarded by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedarbitrator(s). The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in In any action or proceeding to enforce rights under this Agreement, the prevailing party shall be entitled to recover costs and attorneys’ fees. For all purposes of this Section 23.1, the parties consent to exclusive jurisdiction and venue in the United States federal courts located in New York, New York. For the avoidance of doubt, the validity, construction, and enforceability of this Agreement and the resolution of disputes arising out of and relating to this Agreement and any provision hereof that the other party has related agreements, collectively or had an adequate remedy at lawseparately, shall be governed solely by this Section 23.1.
Appears in 1 contract
Samples: Supply Agreement
Governing Law; Dispute Resolution. A. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. 12.9.1 In the event of any a dispute or controversy ("Dispute") arises between the parties arising out of or in any way related relating to this Agreement, the matters referred parties shall use all reasonable efforts to hereinresolve the Dispute through direct discussions for a period of sixty (60) days, or unless and to the Products extent this Agreement provides for other and shorter periods. The senior management of each party commits itself to respond to any such Dispute. Subsequent to such sixty (60) day period either party may, but shall not be supplied by Supplier required to resort to the binding arbitration procedures set out hereinafter in this Article 12.9.
12.9.2 If the parties are unable after exerting all reasonable efforts to resolve a Dispute between the parties, the Dispute shall be resolved through binding arbitration pursuant to this Agreement the Commercial Arbitration Rules of the American Arbitration Association in accordance with the following provisions:
(eacha) If a Dispute arises between the parties, the place of arbitration shall be New York, New York.
(b) To the extent the parties can not immediately agree on a “Dispute”single arbitrator, the arbitration shall be conducted by a panel of three neutral arbitrators ("Arbitrators"), . One member shall be appointed by each party and the third member shall be appointed by the two arbitrators appointed by the parties. The parties will select an arbitrator within fifteen (15) business days following the demand for arbitration. The two arbitrators selected by the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to appoint the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing third member within ten (10) calendar days following their appointment.
(c) The language to be used in the arbitration shall be English. THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS MARKED WITH "*" AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
(d) Any arbitrator selected by the parties may be of any nationality, and need not be a lawyer or hold any other professional status or membership but will be selected on the basis of his or her qualifications and expertise with a statement of its position on and recommended solution respect to the Dispute. If matter under dispute.
(e) The Arbitrators shall resolve the Dispute is not resolved on the basis of a written record consisting of an initial and rebuttal submission by this exchange of correspondence, then representatives of each party (together with full settlement authority will meet documentary evidence (including affidavits) supporting the positions taken in such submissions); provided that the Arbitrators shall have the right to require the parties to make or participate in such other written or oral submissions, presentations, or examinations as the Arbitrators shall deem necessary for the proper resolution of such Dispute, all of which shall be made or submitted directly to the Arbitrators and shall become part of the record in the proceeding.
(f) The specific pleading schedule for each proceeding shall be determined by the parties in consultation with the Arbitrators within fifteen business days after the date on which the Arbitration panel is constituted, but it shall in each case provide that the parties' respective initial submissions shall be filed simultaneously with the Arbitrators, as shall the parties' respective reply submissions.
(g) Unless the parties otherwise agree at the time a mutually agreeable time and place particular Dispute is submitted for arbitration, the Arbitrators shall be required as a condition to their engagement to agree to render a decision within thirty (30) calendar 30 days of the date on which the record in the proceeding is completed, but in no case more than 90 days after the date of the initial notice in order last hearing on the substantive issues.
(h) The parties shall use reasonable efforts to exchange relevant information schedule and perspectivesmake their submissions, and to attempt take all other necessary actions in connection with the proceeding, at a time and in a manner which will permit the Arbitrators to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California render its decision in accordance with the then current rules schedule set forth herein.
(i) All communications with the Arbitrators during the pendency of the American Arbitration Association (“AAA”)proceeding shall be made in writing, with a copy thereof delivered simultaneously to the other party to the proceeding, or if made orally, made only in the presence of the other party to the proceeding or its representative. The parties agree that any existence of the Dispute THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST. REDACTED MATERIAL IS MARKED WITH "*" AND HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. and all Disputes that are submitted to arbitration the related proceedings shall be kept confidential in accordance with this Agreement the provisions of Article 7.
(j) All decisions by the Arbitrators shall be decided done by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitratormajority vote. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings award shall be confidential. Neither party rendered in writing and shall disclose any information about state the evidence produced by reasons for the other party in the arbitration proceedingsaward, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between upon the parties thereto parties. In rendering their decision, the Arbitrators shall apply the substantive law of the state, of New York, without regard to its conflict of law provisions, provided that the Arbitrators shall base their decision on the express terms and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into conditions of this Agreement.
(k) The Arbitrators are empowered to award any remedy allowed by law, including money damages and to grant final or interlocutory relief. Notwithstanding the parties are waiving their constitutional right to have any Disputes decided in a court of law foregoing punitive or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall multiple damages may not be awarded its costs and reasonable attorneys’ fees. The parties agree that the express terms of this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall Agreement may not be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesaltered.
D. (l) Each party agrees that a breach of shall bear its obligations under Paragraph 14 will result own expenses and attorneys' fees in irreparable harm to connection with the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawarbitration.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed interpreted and enforced in accordance with the laws of the State of California, New York without giving effect to any principles or rules regarding conflicts the conflict of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of Californiaprovisions thereof.
B. In the event of (b) The parties shall initially attempt to resolve by direct negotiation any dispute dispute, controversy or controversy claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement or its breach, interpretation, termination or validity (each, a “"Dispute”"), .
(c) If the parties will attempt in good faith are not able to resolve through negotiation such Dispute. Either party may initiate negotiations of any settle the Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place direct negotiations within thirty (30) calendar days after written notice by one party to the other of the date of the initial notice in order to exchange relevant information and perspectivesDispute, and to attempt either party may initiate an arbitration to resolve the Dispute.
C. If ; the Dispute is not resolved by these negotiations, such Dispute parties hereto agree that arbitration pursuant to this Section shall be settled exclusively by final the sole means of resolving Disputes, and binding arbitration that neither party shall commence any proceeding in Los Angelesany court or tribunal with respect to a Dispute. All such Disputes shall be arbitrated in New York, California New York pursuant to the Rules of the American Arbitration Association. The arbitrators shall be selected in accordance with the then current rules of the American Arbitration Association Association, and shall be certified public accountants, attorneys or other persons, in each case, who are experienced in the buying and selling of goods.
(“AAA”)d) Judgment upon any award rendered by the arbitrators may be entered in any court having jurisdiction. The parties agree that statute of limitations, estoppel, waiver, laches, and similar doctrines, which would otherwise be applicable in any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided action brought by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give be applicable in any arbitration proceeding and the commencement of an arbitration proceeding shall be deemed the commencement of an action for those purposes. The Federal Arbitration Act shall apply to the construction, interpretation and enforcement of this arbitration provision.
(e) No party shall be liable to pay consequential, punitive, exemplary or incidental damages to any other party reasonable advance written notice for any claims related to or arising out of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result performance or nonperformance of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration . Except as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in Section 1.7, Foamex's total liability for such claims as seller of the Agreement Foamex Products is limited, at GFI's option, to either (i) replacement or (ii) repayment of the purchase price paid for the Foamex Products which are the subject of the claim. Except as set forth herein. The parties further agrees that they will not assert in Section 1.7, GFI's total liability for such claims as a claim seller of the GFI Products is limited, at Foamex's option, to either (x) replacement or defense in any action or proceeding to enforce any provision hereof that (y) repayment of the other party has or had an adequate remedy at lawpurchase price paid for the GFI Products which are the subject of the claim.
Appears in 1 contract
Governing Law; Dispute Resolution. A. 18.3.1 This Agreement shall be governed by and construed in all respects in accordance with the internal laws of the State of CaliforniaNew York, as such laws are applied to agreements among New York residents entered into and performed entirely within New York, without giving effect to any conflict-of-law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of Californiathereof.
B. In 18.3.2 With support from the event of Alliance Managers, the Parties shall negotiate in good faith and use reasonable efforts to settle any dispute dispute, controversy or controversy action arising out of from or in any way related to this AgreementAgreement or the breach thereof. Subject to Section 18.3.8, in the matters event that the Parties cannot resolve such dispute, controversy or action within a period of [***] from when the dispute, controversy or action is first identified in writing by the Party raising or asserting such dispute, controversy or action, then the matter shall be referred to herein, or designated senior executives of the Products to be supplied Parties for resolution by Supplier pursuant to this Agreement the sending of a notice of dispute(s) for executive resolution (each, a “DisputeNotice of Dispute(s) for Executive Resolution”). The designated senior executives shall endeavor to meet in person or by means of telephone conference, video conference or similar communications equipment by means of which all Persons participating in the parties will attempt meeting can hear and speak to each other, and where such participation by the Parties’ designated senior executives shall constitute presence in good faith person at the meeting, within [***] following transmittal of the Notice of Dispute(s) for Executive Resolution. Each Party shall be entitled to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing name substitute senior executives upon written notice to the other partyParty. The foregoing duties may be delegated to the extent the person delegated with such duties is duly authorized to enter into the foregoing resolution without seeking any additional approval within the respective Party.
18.3.3 Except as expressly set forth in Section 18.3.8, setting forth if the subject Parties do not fully settle any dispute, controversy or action referred to the senior executives of the Dispute. The recipient Parties within [***] of it being referred to them, and a Party wishes to pursue the matter, then such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute dispute, controversy or action that is not an Excluded Action shall be finally resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of administered by the American Arbitration Association (“AAA”). ) pursuant to AAA’s Commercial Arbitration Rules then in effect.
18.3.4 The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided conducted by a panel of three (3) neutral arbitrators, each of whom shall have significant legal or business experience in the pharmaceutical industry, and none of whom shall be a current or former employee or director, or a current significant shareholder, of either Party or any of their respective Affiliates or sublicensees; and within [***] after initiation of arbitration, each Party shall select one (1) neutral person to act as arbitrator who is and the two (2) Party-selected arbitrators shall select a retired judge or attorney licensed to practice law in California with at least fifteen third (153rd) years arbitrator within [***] of experience in complex commercial transactionstheir appointment. If the parties arbitrators selected by the Parties are unable or fail to agree on an upon the third (3rd) arbitrator, then on the [***] after the initiation of arbitration, the two (2) Party-selected arbitrators shall make a written request to AAA to appoint a third (3rd) arbitrator. AAA shall designate appoint such third (3rd) arbitrator within [***] of being notified by the arbitratortwo (2) Party-selected arbitrators. The parties will cooperate with AAA place of arbitration shall be New York, New York, and with one another all proceedings and communications shall be in selecting English. The award rendered by the arbitrator arbitrators shall be final, binding and non-appealable, and judgment may be entered upon it in scheduling any court of competent jurisdiction.
18.3.5 Either Party may apply to the arbitrators for interim injunctive relief until the arbitration proceedings in accordance with applicable AAA proceduresaward is rendered or the controversy is otherwise resolved. All arbitration proceedings Either Party has the right to file an early dispositive motion seeking a determination on the issue of whether a material breach has occurred under Section 15.2, and the arbitrators will promptly rule on such motion. The arbitrators’ authority to award punitive or any other type of damages not measured by a Party’s compensatory damages shall be confidentialsubject to the limitation set forth in Section 14.1. Neither party shall disclose any information about [***]
18.3.6 Except to the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, extent necessary to confirm or arbitration proceeding, enforce an award or as may be demanded required by government authorityApplicable Law, neither Party nor an arbitrator may disclose the existence, content or results of an arbitration without the prior written consent of the other Party. Before making any disclosure permitted In no event shall an arbitration be initiated after the date when commencement of a legal or equitable action based on the dispute, controversy or action would be barred by the preceding sentenceapplicable statute of limitations in New York.
18.3.7 The term “Excluded Action” means a dispute, a party shall give controversy or action that concerns (i) the construction, scope, validity, enforceability, inventorship or infringement, misappropriation or other party reasonable advance written notice violation of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this AgreementIntellectual Property Rights; or (ii) any antitrust, the parties are waiving their constitutional right to have any Disputes decided in a court of anti-monopoly or competition law or before a jury and waive the right of appealregulation, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive whether or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesnot statutory.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: License and Collaboration Agreement (Roivant Sciences Ltd.)
Governing Law; Dispute Resolution. A. (a) This Agreement, and any claim, dispute, or controversy of whatever nature arising out of or relating to this Agreement shall will be governed by and construed in accordance with the laws of the State of CaliforniaNew York, without giving effect to any principles principles, statutory provisions or other rules regarding conflicts of laws (either choice of the State of California or any other jurisdiction) law that would cause require the application of the law laws of any other jurisdiction other than the State of Californiaa different country.
B. In the event of (b) The Parties will try to settle their differences amicably between themselves. If any dispute claim, dispute, or controversy of whatever nature arising out of or in any way related relating to this Agreement, including the matters referred to herein, performance or the Products to be supplied by Supplier pursuant to alleged non-performance of a Party of its obligations under this Agreement arises between the Parties (each, each a “Dispute”), the parties will attempt in good faith a Party will, before initiating any proceedings pursuant to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to Section 17.13(c), notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute within *** of receipt of the written notice by the other Party, such dispute will be referred to the Chief Executive Officer of IMDZ, or his designee, and the Executive Vice President of R&D of Sanofi’s ultimate parent company, or his designee, who will meet in person at least once and use their good faith efforts to resolve the Dispute within *** after such referral. *** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
(c) If a Dispute is not resolved by as provided in the preceding Section 17.13(b), whether before or after termination of this exchange of correspondenceAgreement, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, Parties hereby agree that such Dispute shall will be settled exclusively resolved by final and binding arbitration in Los Angeles, California conducted in accordance with the then current rules terms of this Section 17.13(c). The arbitration will be held in New York, New York, United States according to the Rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance will be conducted by a panel of three (3) arbitrators with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of significant experience in complex commercial transactions. If the parties are unable to agree on an arbitratorpharmaceutical industry, AAA shall designate unless otherwise agreed by the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings Parties, appointed in accordance with applicable AAA proceduresrules. All Any arbitration proceedings shall herewith will be confidential. Neither party shall disclose any information about the evidence produced by the other party conducted in the arbitration proceedings, except in English language to the course of judicial, regulatory, maximum extent possible. The arbitrators will be instructed not to award any punitive or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by special damages and will render a written decision no later than *** following the preceding sentence, a party shall give the other party reasonable advance written notice selection of the intended disclosure arbitrators, including a basis for any damages awarded and an opportunity to prevent disclosurea statement of how the damages were calculated. Any award issued will be promptly paid in United States dollars free of any tax, deduction or offset. Each Party agrees to abide by the award rendered in any arbitration conducted pursuant to this Section 17.13(c). With respect to money damages, except as a result of such arbitration shall set forth in Section 17.14, nothing contained herein will be final and binding between construed to permit the parties thereto and shall be enforceable by arbitrator or any court having jurisdiction over the party against whom enforcement is soughtor any other forum to award punitive or exemplary damages. By entering into this Agreementagreement to arbitrate, the parties are waiving their constitutional right Parties expressly waive any claim for punitive or exemplary damages. Each Party will pay its legal fees and costs related to have the arbitration (including witness and expert fees). Judgment on the award so rendered will be final and may be entered in any Disputes decided court having jurisdiction thereof.
(d) Nothing in this Section 17.13 will preclude either Party from seeking equitable relief or interim or provisional relief from a court of law or before competent jurisdiction, including a jury and waive the right of appealtemporary restraining order, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive preliminary injunction or other similar relief in accordance with Paragraph 11D hereofinterim equitable relief, which shall be resolved exclusively in concerning a dispute either prior to or during any arbitration if necessary to protect the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event interests of such breach, Party or threatened breach, to preserve the breaching party agrees that status quo pending the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawarbitration proceeding.
Appears in 1 contract
Samples: License Agreement
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by by, and construed in accordance with with, the laws of the State Commonwealth of California, without giving effect to any Pennsylvania regardless of the laws that might otherwise govern under applicable principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of Californialaw.
B. In the event of any (b) Any dispute or controversy arising out of or in any way related to this Agreement, the matters hereunder shall first be referred to hereinthe parties' respective agents or representatives prior to either party initiating a legal suit, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt who shall endeavor in good faith to resolve through negotiation any such Dispute. Either party may initiate negotiations disputes within the limits of any Dispute by providing written notice to their authority and within twenty (20) days after the other party, setting forth the subject of the Dispute. The recipient commencement of such notice will respond in writing within discussions. If and only if any such dispute remains unresolved after the parties have followed the dispute resolution procedure set forth above, the matter shall be resolved pursuant to Sections 6.8(c) and (d) below.
(c) If any dispute between the parties has not been resolved pursuant to Section 6.8(b) above, the parties shall endeavor to settle such dispute by mediation under the then current Center for Public Resources model procedure for mediation of business disputes or, if such model procedure no longer exists, some other mutually agreeable procedure. Within ten (10) calendar business days with from the date that the parties cease direct negotiations pursuant to Section 6.8(b) above, Sellers shall select a statement of its position on and recommended solution neutral third party mediator, who shall be subject to the Disputereasonable approval of Sellers and Buyer. If Each party shall bear its own cost of mediation; provided, however, the Dispute is not resolved cost charged by this exchange of correspondence, then representatives of each any independent third party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of mediator shall be borne equally by the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Disputeparties.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). d) The parties agree that any mediation proceeding (as well as any discussions pursuant to Section 6.8(b) above) shall constitute settlement negotiations for purposes of the federal and all Disputes that are submitted to arbitration in accordance with this Agreement state rules of evidence and shall be decided treated as non-discoverable, confidential and privileged communication by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitratorand the mediator. No stenographic, AAA visual or audio record shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration be made of any mediation proceedings in accordance with applicable AAA proceduresor such discussions. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedingsconduct, except statements, promises, offers and opinions made in the course of judicialthe mediation or such discussion by any party, regulatoryits agents, employees, representatives or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted other invitees and by the preceding sentence, a party mediator shall give the not be discoverable nor admissible for any purposes in any litigation or other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between proceeding involving the parties thereto and shall not be enforceable by disclosed to any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreementthird party.
(e) The parties agree that any mediation proceeding shall take place in New York, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ feesNew York. The parties agree that this clause mediation procedure shall be obligatory and participation therein legally binding upon each of them. In the event that either party refuses to adhere to the mediation procedure set forth in this Section 6.8, the other party may bring an action to seek enforcement of such obligation in any court of competent jurisdiction.
(f) The parties' efforts to reach a settlement of any dispute shall continue until the conclusion of the mediation proceeding. The mediation proceeding shall be concluded when: (i) a written settlement agreement is executed by the parties, or (ii) the mediator concludes and informs the parties in writing that further efforts to mediate the dispute would not be useful, or (iii) the parties agree in writing that an impasse has been included reached. Notwithstanding the foregoing, either party may withdraw from the mediation proceeding without liability therefor in the event such proceeding continues for more than thirty (30) days from the commencement of such proceeding. For purposes of the preceding sentence, the proceeding shall be deemed to rapidly have commenced following the completion of the selection of a mediator as provided in Section 6.8(c).
(g) If any dispute is not resolved pursuant to the foregoing, the parties agree that exclusive jurisdiction of all disputes shall be with, if Sellers commcence the litigation, the (i) Court of Common Pleas of Montgomery County, Pennsylvania, or (ii) federal courts of competent xxxxxxxxxxon in the Eastern District of Pennsylvania, and inexpensively resolve with, if Buyer commences the litigation (i) Supreme Court of New York, or (ii) any federal court located in the Easter District of New York. In connection therewith or in connection with any action brought by either party pursuant to Section 6.8(h), the parties shall submit and consent to the exclusive jurisdiction of the Court of Common Pleas of Montgomery County, Pennsylvania and the federal courts located in the Xxxxxxx Xistrict of Pennsylvania, and waive any objection based on forum non conveniens and any objection to venue in connection therewith.
(h) The procedure specified in this Section 6.8 shall be the sole and exclusive procedures for the resolution of disputes between them the parties arising out of or relating to this Agreement; provided, however, that (i) notwithstanding anything to the contrary herein, with respect to any dispute arising under Section 7, Buyer shall be entitled to bring an action in court to have an injunction issued or for any other relief, without first referring the dispute to the parties' respective agents or representatives or to a mediation proceeding, and (ii) with respect to any other dispute, a party, without prejudice to the procedures set forth in Sections 6(a) through 6(f), may file a complaint to seek a preliminary injunction or other provisional judicial relief, if in its sole discretion such action is necessary to avoid irreparable damage or to preserve the status quo ("Equitable Litigation"). In the latter case, despite such action, the parties shall continue to participate in good faith in the procedures specified in this Section 6.8.
(i) Any interim or appellate relief granted in such Equitable Litigation shall remain in effect until the alternative dispute resolution procedures described in this Section 6.8 concerning the dispute that is the subject of such Equitable Litigation result in a settlement agreement. Any written settlement agreement shall be the final, binding determination on the merits of such dispute, shall supercede and nullify any decision in the Equitable Litigation, and shall preclude any subsequent litigation on such merits, notwithstanding any determination to the contrary in connection with any Equitable Litigation granting or denying interim relief or any appeal therefrom.
(j) All applicable statutes of limitation and defenses based upon the passage of time shall be tolled while the procedures specified in this Section 6.8 are pending. The parties shall take such action, if any, required to effectuate such tolling. Each party shall be required to perform its obligations under this Agreement pending final resolution of any dispute arising out of or relating to this Agreement, unless to do so would be impossible or impracticable under the circumstances.
(k) In the event that any dispute among the parties to this Agreement should result in litigation, the substantially prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such substantially prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and that this clause shall be grounds for dismissal expenses of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award attorneys and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereofaccountants, which shall be resolved exclusively in the state or federal courts sitting in the County include, without limitation, all fees, costs and expenses of Los Angelesappeals.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between KCS, on the one hand, and one or more of GTMM or TFM, on the other hand (each of KCS, on the one hand, and one or more of GTMM or TFM, on the other hand, a “Dispute Party” and together, the “Dispute Parties”) arising from or in connection with this Agreement or any transactions contemplated by this Agreement, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, (“Disputes”) including Disputes arising in connection with claims by third persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this §10.10; provided, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES HERETO AND THE ADJUDICATION AND ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS THEREOF.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Dispute Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Dispute Parties may initiate this procedure by delivery of written notice of the Dispute (the “Dispute Notice”) to the other party, setting forth the subject other. Not later than 20 days after delivery of the DisputeDispute Notice, one executive of one of the Dispute Parties with authority to settle the Dispute shall meet with the one executive of the other Dispute Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to executives shall exchange relevant information and perspectives, and to attempt endeavor to resolve the Dispute. Prior to any such meeting, each Dispute Party’s executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this §10.10(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
C. If the (d) Each Dispute is Party hereby agrees to submit all Disputes not resolved by these negotiations, such Dispute shall be settled exclusively by pursuant to §10.10(c) hereof to final and binding arbitration in Los AngelesNew York, California New York. Either Dispute Party may initiate such arbitration by delivery of a request therefor (the “Arbitration Request”) to the other Dispute Party not sooner than 60 days after the date of delivery of the Dispute Notice but promptly thereafter; provided, that if a Dispute Party rejects participation in the procedures provided under §10.10(c), the other Dispute Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such rejection, including attorney’s fees and expenses, Arbitration Costs (as defined below) in connection with arbitration hereunder. An Answer shall be filed within 30 days of the receipt of the Arbitration Request.
(i) Three Arbitrators shall be appointed (the “Arbitrators”), one of whom shall be nominated by KCS, one by GTMM, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two Arbitrators within 30 days of the first two Arbitrators confirmation by the International Chamber of Commerce. If either Dispute Party fails to appoint an Arbitrator within 15 days of a request in writing by the other Dispute Party to do so or if the first two Arbitrators cannot agree on the appointment of the third Arbitrator within 30 days of their confirmation by the International Chamber of Commerce, then such Arbitrator shall be appointed by the International Chamber of Commerce in accordance with its Rules of Arbitration.
(ii) The arbitration shall be conducted in the English language pursuant to the Arbitration Rules of the International Chamber of Commerce. Notwithstanding the foregoing, (A) each Dispute Party shall have the right to audit the books and records of the other Dispute Party that are reasonably related to the Dispute; (B) each Dispute Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Dispute Party intends to present in such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Dispute Party may at its expense make a stenographic record thereof.
(iii) The Arbitrators shall endeavor to complete all hearings not later than 180 days after their tribunal has been convened, and shall make a final award as promptly as practicable thereafter. Such award shall be communicated, in writing, by the Arbitrators to the Dispute Parties, and shall contain specific findings of fact and conclusions of law in accordance with the then current rules governing law set forth in §10.10(b) of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureAgreement. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction, including expressly the courts of the State of Delaware, United States of America, and the courts of the Federal District of Mexico. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators’ fees and expenses, fees and expenses of experts and fees and expenses of translators (“Arbitration Costs”) between the prevailing and non-prevailing Dispute Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against on grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Dispute Party has rejected participation in procedures under §10.10(c), the Arbitrators may assess all Arbitration Costs against the non-prevailing Dispute Party and may include in the award the prevailing Dispute Party’s attorney’s fees and expenses in connection with any and all proceedings under this §10.10. Notwithstanding the foregoing, in no event may the arbitrator award multiple or punitive damages.
(iv) The parties agree to produce documents, which may include contracts, books, records, internal documents, notes, and memoranda of any and all kinds or types. It shall not be objectionable that documents are requested by general category. The parties also agree to provide oral depositions of their employees and representatives, and to fully, accurately and timely answer written interrogatories submitted to them. The arbitral tribunal shall have the power, upon application of any party, to make all appropriate orders for the discovery described above, to which power the parties specifically consent. If a party fails to provide discovery pursuant to an order of the tribunal, the arbitrators may take that failure into account in deciding the issues. Applicable legal privileges against the disclosure of information shall be recognized.
(e) Pursuant to an agreement of the Parties or a judicial determination that a Dispute is not subject to final and binding arbitration as set forth in §10.10, KCS and each of GTMM and TFM irrevocably agrees that any legal action or proceeding against it with respect to this Agreement and any transaction contemplated by this Agreement shall be brought only in the courts of the State of Delaware, or of Federal courts of the United States of America sitting in Delaware, and by execution and delivery of this Agreement, KCS and each of GTMM and TFM irrevocably submits to the venue and jurisdiction over of each such court and irrevocably waives any objection or defense such party may have to venue or personal jurisdiction in any such court for the party against whom enforcement is sought. By entering into purpose of resolving any claim, dispute, cause of action arising out of or related to this Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court enforcement of law or before a jury the terms of this Agreement and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedterms contemplated hereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(f) Each of the Parties irrevocably appoints CT Corporation (the “Process Agent”), at 1000 Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxx of Nxx Xxxxxx, Xxxxxxxx 00000 (302) 658-7581, as its agent and true and lawful attorney-in-fact in its name, place and stead to accept on behalf of each of the Parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of Delaware, and each of the Parties agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
(g) These dispute resolution provisions, including the agreement to arbitrate, are independent of the remaining provisions of this Agreement and the Parties intend that they shall continue in effect even though one or more provisions of this Agreement shall be determined to be null or void. The dispute resolution provisions and agreement to arbitrate shall also survive the termination or expiration of this Agreement.
Appears in 1 contract
Samples: Stock Purchase Agreement (Mexican Railway Transportation Group)
Governing Law; Dispute Resolution. A. a) This Agreement, the CVRs and all actions arising under this Agreement or in connection herewith or therewith shall be governed by and construed in accordance with the laws Laws of the State of CaliforniaDelaware, without giving effect to any principles laws, rules or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) provisions that would cause the application of the law laws of any other jurisdiction other than the State of CaliforniaDelaware.
B. In the event of b) Subject to Section 4.7, in any dispute action or controversy proceeding arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement or any of the CVRs: (eachi) each of the parties irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue of the Chancery Court of the State of Delaware and any state appellate court therefrom or, a “Dispute”)if such court lacks subject matter jurisdiction, the United States District Court sitting in New Castle County in the State of Delaware (it being agreed that the consents to jurisdiction and venue set forth in this Section 8.5(b) shall not constitute general consents to service of process in the State of Delaware and shall have no effect for any purpose except as provided in this paragraph and shall not be deemed to confer rights on any Person other than the parties); and (ii) each of the parties will attempt in good faith irrevocably consents to resolve through negotiation such Dispute. Either party may initiate negotiations service of any Dispute process by providing written notice first class certified mail, return receipt requested, postage prepaid, to the other party, setting forth the subject of the Dispute. The recipient of address at which such party is to receive notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”)Section 8.2. The parties agree that any and all Disputes that are submitted to arbitration a final judgment in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable Law; provided, however, that nothing in the foregoing shall restrict any party’s rights to enforce seek any provision hereof that the other party has post-judgment relief regarding, or had an adequate remedy at lawany appeal from, such final trial court judgment.
c) EACH OF THE PARTIES TO THIS AGREEMENT IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING BETWEEN THE PARTIES HERETO (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE). EACH PARTY HERETO (A) MAKES THIS WAVIER VOLUNTARILY AND (B) ACKNOWLEDGES THAT SUCH PARTY HAS BEEN INDUCTED TO ENTER INTO THIS AGREEMENT BY, AND AMONG OTHER THINGS, THE MUTUAL WAIVERS CONTAINED IN THIS SECTION 8.5(C).
Appears in 1 contract
Samples: Contingent Value Rights Agreement (Surface Oncology, Inc.)
Governing Law; Dispute Resolution. A. (a) This Agreement Agreement, and the rights and obligations of each and all of the Partners hereunder, shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of CaliforniaCayman Islands.
B. In the event of (b) Subject to Section 9.7(c), any dispute dispute, controversy, suit, action or controversy proceeding arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect relating to this Agreement, other than postinjunctive relief, will be settled exclusively by arbitration, conducted before a single arbitrator in New York County, New York (applying Cayman Islands law) in accordance with, and pursuant to, the applicable rules of JAMS (“JAMS”). The arbitration shall be conducted on a strictly confidential basis, and none of the parties shall disclose the existence of a claim, the nature of a claim, any documents, exhibits, or information exchanged or presented in connection with such a claim, or the result of any action, to any third party, except as required by law, with the sole exception of their legal counsel and parties engaged by that counsel to assist in the arbitration process, who also shall be bound by these confidentiality terms. The decision of the arbitrator will be final and binding upon the parties hereto. Any arbitral award may be entered as a judgment or order in any court of competent jurisdiction. Any party hereto may commence litigation in court to obtain injunctive relief in aid of arbitration, to compel arbitration, or to confirm or vacate an award, to the extent authorized by the U.S. Federal Arbitration Act or the New York Arbitration Act. The party that is determined by the arbitrator not to be the prevailing party will pay all of the JAMS’s administrative fees and the arbitrator’s fee and expenses. If neither party is so determined, such fees shall be shared. Each party shall be responsible for such party’s own attorneys’ fees. IF THIS AGREEMENT TO ARBITRATE IS HELD INVALID OR UNENFORCEABLE THEN, TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTNER AND THE PARTNERSHIP WAIVE AND COVENANT THAT THE PARTNER AND THE PARTNERSHIP WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT, WHETHER NOW OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREE THAT THE PARTNERSHIP OR ANY OF ITS AFFILIATES OR ANY PARTNER MAY FILE A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-arbitration actions seeking FOR AGREEMENT AMONG THE PARTNERSHIP AND ITS AFFILIATES, ON THE ONE HAND, AND THE PARTNER, ON THE OTHER HAND, IRREVOCABLY TO WAIVE THE RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN SUCH PARTIES ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THAT ANY PROCEEDING PROPERLY HEARD BY A COURT UNDER THIS AGREEMENT WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.
(c) Nothing in this Section 9.7 will prevent the General Partner or a Limited Partner from applying to enforce an arbitration award a court for preliminary or interim relief or permanent injunction in a judicial proceeding (e.g., injunction or restraining order), in addition to and actions seeking equitablenot in lieu of any other remedy to which it may be entitled at law or in equity, if such relief from a court is necessary to preserve the status quo pending resolution or to prevent serious and irreparable injury in connection with any breach or anticipated breach of covenants applicable pursuant to a Limited Partner’s Award Letter; provided, however, that all parties explicitly waive all rights to seek preliminary, interim, injunctive or other similar relief in accordance with Paragraph 11D hereofa judicial proceeding and all parties submit to the exclusive jurisdiction of the forum described in Section 9.7(b) hereto for any dispute or claim concerning continuing entitlement to distributions or other payments, which shall be resolved exclusively even if such dispute or claim involves or relates to any restrictive covenants set forth in a Limited Partner’s Award Letter. For the purposes of this Section 9.7(c), each party hereto consents to the exclusive jurisdiction and venue of the courts of the state or and federal courts sitting in within the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, New York in the event State of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawNew York.
Appears in 1 contract
Samples: Agreement of Exempted Limited Partnership (Apollo Global Management LLC)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by by, and construed in accordance with with, the laws of the State of California, without giving effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of CaliforniaNew York.
B. In the event of (b) Any claim, action, suit or proceeding seeking to enforce any dispute provision of, or controversy based on any matter arising out of or in any way related to connection with, this Agreement, the matters referred to herein, Agreement or the Products to transactions contemplated hereby may be supplied by Supplier pursuant to this Agreement (eachheard and determined in any New York state or federal court sitting in The City of New York, a “Dispute”)County of Manhattan, and each of the parties will attempt hereto hereby consents to the exclusive jurisdiction of such courts (and of the appropriate appellate courts therefrom in good faith any such claim, action, suit or proceeding) and irrevocably waives, to resolve through negotiation such Dispute. Either party the fullest extent permitted by law, any objection that it may initiate negotiations now or hereafter have to the laying of venue of any Dispute by providing written notice such claim, action, suit or proceeding in any such court or that any such claim, action, suit or proceeding that is brought in any such court has been brought in an inconvenient forum.
(c) Subject to applicable law, process in any such claim, action, suit or proceeding may be served on any party anywhere in the other partyworld, setting forth whether within or without the jurisdiction of any such court. Without limiting the foregoing and subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondenceapplicable law, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days agrees that service of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, process on such Dispute party shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules deemed effective service of the American Arbitration Association (“AAA”)process on such party. The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement Nothing herein shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive affect the right of appeal, and instead of relying on said rights, each any party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense serve legal process in any action other manner permitted by law or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawequity. WITH RESPECT TO ANY SUCH CLAIM, ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT, EACH OF THE PARTIES IRREVOCABLY WAIVES AND RELEASES TO THE OTHER ITS RIGHT TO A TRIAL BY JURY, AND AGREES THAT IT WILL NOT SEEK A TRIAL BY JURY IN ANY SUCH PROCEEDING.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, Delaware without giving effect to any principles choice or rules regarding conflicts conflict of laws law provision or rule (either whether of the State of California Delaware or any other jurisdiction) that would cause the application of the law Laws of any other jurisdiction other than those of the State of CaliforniaDelaware.
B. In the event of (b) The sole and exclusive method for resolving any claim or dispute or controversy (“Claim”) arising out of or in any way related relating to this Agreement, the matters referred to herein, or rights and obligations of the Products to be supplied by Supplier pursuant to parties under this Agreement (each, a “Dispute”other than with respect to the procedures set forth in Section 10), whether such Claim arose or the parties will attempt in good faith facts on which such Claim is based occurred prior to resolve through negotiation such Dispute. Either party may initiate negotiations or after the execution and delivery of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one mediation and arbitration as provided in this Section 25.
(1c) neutral arbitrator who is Either party may give notice of a retired judge or attorney licensed Claim in writing to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsthe other party and the parties shall designate a mutually agreed mediator to resolve the Claim. If the parties are unable to agree on an arbitratora mediator, AAA they shall designate submit the arbitratorClaim to JAMS, Inc. in Wilmington, Delaware and request a panel of prospective neutrals to conduct a mediation process, who shall be individuals with substantial experience with equity purchase agreements and complex commercial contracts as well as familiarity with Delaware law relevant to transactions of this type. The parties will cooperate with AAA and with one another mediation shall be convened within thirty (30) days of the notice of the Claim, or as soon thereafter as is feasible. If the mediation is unsuccessful in selecting resolving the arbitrator and in scheduling Claim, either party may give notice of its intention to arbitrate the arbitration proceedings Claim in accordance with applicable AAA proceduresSection 25(d).
(d) Any arbitration to resolve a Claim shall be administered by JAMS, Inc. in accordance with its Comprehensive Arbitration Rules and Procedures (the “Arbitration Rules”) before one arbitrator to be appointed pursuant to the Arbitration Rules to conduct any such arbitration. The arbitrator shall have substantial experience with equity purchase agreements and complex commercial contracts as well as familiarity with Delaware law relevant to transactions of this type. All meetings of the parties and all hearings with respect to any such arbitration proceedings shall take place in Wilmington, Delaware, or such other place as the parties may designate. Each party to the arbitration shall bear its own costs and expenses (including all attorneys’ fees and expenses, except to the extent otherwise required by applicable Law), and all costs and expenses of the arbitration proceeding (such as filing fees, the arbitrator’s fees, hearing expenses, etc.) shall be confidential. Neither borne equally by the parties; provided, however, that the arbitrator may, in the arbitrator’s discretion, award costs and expenses to the prevailing party shall in the arbitration.
(e) In the event that any party or any of such party’s Affiliates, associates or representatives is requested or required (by oral question or request for information or documents in any legal proceeding, interrogatory, subpoena, civil investigative demand or similar process) to disclose any information about concerning an arbitration or mediation proceeding conducted in accordance with this Agreement (the evidence produced “Disclosing Party”), such Disclosing Party shall notify the other parties promptly of the request or requirement so that any such other party may seek an appropriate protective order or waive compliance with the provisions of this Section 25. If, in the absence of a protective order or the receipt of a waiver hereunder, the Disclosing Party or any of its Affiliates, associates or representatives believes in good faith, upon the advice of legal counsel, that it is compelled to disclose any such information, such Disclosing Party may disclose such portion of the information as it believes in good faith, upon the advice of legal counsel, it is required to disclose; provided that the Disclosing Party shall use reasonable efforts to obtain, at the request and expense of such other party, an order or other assurance that confidential treatment shall be accorded to such portion of the Arbitration Information required to be disclosed as such other party shall designate. Notwithstanding anything in this Section 25 to the contrary, the parties shall have no obligation to keep confidential any Arbitration Information that becomes generally known to and available for use by the public other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued than as a result of the disclosing party’s acts or omissions or the acts or omissions of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreementparty’s Affiliates, the parties are waiving their constitutional right to have any Disputes decided in a court of law associates or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ feesrepresentatives. The parties agree that that, subject to the right of any party to appeal or move to vacate or confirm any decision, judgment, ruling, finding, award or other determination of an arbitration as provided in this clause has been included to rapidly and inexpensively resolve Section 25, the decision, judgment, ruling, finding, award or other determination of any disputes between them with respect to this Agreement, and that this clause arbitration under the Arbitration Rules shall be grounds for dismissal final, conclusive and binding on all of the parties hereto and any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding institute litigation to enforce any provision hereof that final decision, judgment, ruling, finding, award or other determination of the other party has or had an adequate remedy at lawarbitration.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (A) This Agreement shall be governed by and construed in accordance with the laws of the State of CaliforniaNew York, as such laws are applied to contracts entered into and to be performed within such state, as though made and to be fully performed therein without giving effect regard to any principles or rules regarding conflicts of laws (either law principles thereof. The United Nations Convention on Contracts for the International Sale of Goods will not apply to this Agreement. The Parties agree to submit to the personal jurisdiction in any Federal or State court of competent jurisdiction seated in the State of California New York, and waive any objection as to venue or any other jurisdiction) that would cause the application inconvenience of the law of any other jurisdiction other than the State of Californiaforum.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will B) The Parties shall initially attempt in good faith to resolve any significant controversy, claim, allegation of a Default or dispute arising out of or relating to this Agreement (hereinafter collectively referred to as a "Dispute") through negotiation such Dispute. Either party may initiate negotiations between senior executives of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on Valera and recommended solution to the DisputeAlpex. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days (or such other period of time mutually agreed upon by the Parties) of notice of the date Dispute, then the Parties agree to submit the Dispute to non-binding mediation on terms and procedures to be mutually agreed to for a period of sixty (60) days. Any mediation proceedings shall be treated as settlement discussions and therefore shall be confidential, and no mediator may testify for either Party in any later proceeding relating to the dispute. No recording or transcript shall be made of the initial notice in order to exchange relevant information mediation proceedings. Each Party shall bear its own costs and perspectivesexpenses of mediation, and to attempt to resolve the DisputeParties shall share equally the fees and expenses of the mediator.
C. (C) If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge through negotiations or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or mediation as set forth herein. The parties further agrees above, then either Party may commence litigation; provided, that they will this Section 14.3 shall not assert as be construed to prevent a claim or defense in any action or proceeding to enforce any provision hereof that Party from seeking injunctive relief without observing the other party has or had an adequate remedy at lawrequirements of Section 14.3(b).
Appears in 1 contract
Samples: Collaboration and Development Agreement (Valera Pharmaceuticals Inc)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed interpreted in accordance with the substantive laws of the State of CaliforniaNew York, without giving effect to any principles or rules regarding excluding its conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of Californiaprinciples.
B. In the event of (b) The Parties shall negotiate in good faith and use reasonable efforts to settle any dispute dispute, controversy or controversy claim arising out of from or in any way related to this Agreement, the matters referred to herein, Agreement or the Products alleged breach thereof. Subject to be supplied Section 10.7(h), in the event the Parties cannot resolve such dispute, controversy or claim within a period of [***] from first attempting to do so, then either Party may refer the matter to the Executive Officers of the Parties for resolution by Supplier pursuant to this Agreement the sending of a notice of dispute(s) for executive resolution (each, each such notice a “Dispute”Notice of Dispute(s), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any Executive Officers of the Parties shall endeavor to meet in person within [***] following transmittal of the Notice of Dispute(s).
(c) Except as expressly set forth in Section 10.7(h), if, after going through this procedure, the Executive Officers are unable to resolve, and all Disputes that are submitted a Party wishes to arbitration in accordance with this Agreement pursue, the matter, such matter, if not an Excluded Claim, shall be decided finally resolved by one binding arbitration administered by JAMS pursuant to JAMS’ Streamlined Arbitration Rules and Procedures then in effect (1the “JAMS Rules”).
(d) neutral The arbitration shall be conducted by a single arbitrator who is a retired judge or attorney licensed acceptable to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsboth Xxxxxxxxx and Genevant. If the parties Gritstone and Genevant are unable to agree on an arbitrator, AAA the arbitration shall designate be conducted by a panel of three (3) neutral arbitrators, each of whom shall have significant legal or business experience in the pharmaceutical industry and none of whom shall be a current or former employee or director, or a current significant shareholder, of either Party, any of their respective Affiliates or any Sublicensee; within [***] after initiation of arbitration, each Party shall select one (1) person to act as arbitrator and the two (2) Party-selected arbitrators shall select a third (3rd) arbitrator within [***] of their appointment. If the arbitrators selected by the Parties are unable or fail to agree upon the third (3rd) arbitrator, the third (3rd) arbitrator shall be appointed by JAMS. The parties will cooperate with AAA place of arbitration shall be New York, New York, and with one another all proceedings and communications shall be in selecting English. Within [***] after selection of the single arbitrator or the third arbitrator, as the case may be, the arbitrator(s) shall conduct the Preliminary Conference (as defined in the JAMS Rules). In addressing any of the subjects within the scope of the Preliminary Conference, the arbitrator(s) shall take into account both the desirability of making discovery efficient and cost-effective and the needs of the Parties for an understanding of any legitimate issue raised in scheduling the arbitration. The award rendered by the arbitrator(s) shall be final, binding and nonappealable, and judgment may be entered upon it in any court of competent jurisdiction.
(e) Either Party may apply to the arbitrator(s) for interim injunctive relief until the arbitration proceedings in accordance with applicable AAA proceduresaward is rendered or the controversy is otherwise resolved. All arbitration proceedings The authority of the arbitrator(s) to award punitive or any other type of damages not measured by a Party’s compensatory damages shall be confidentialsubject to the limitation set forth in Section 10.3. Neither party Each Party shall disclose bear its own costs and expenses and attorneys’ fees and an equal share of the fees of the arbitrator(s) and any information about administrative fees of arbitration.
(f) Except to the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, extent necessary to confirm or arbitration proceeding, enforce an award or as may be demanded required by government authoritylaw, neither Party nor an arbitrator may disclose the existence, content, or results of an arbitration without the prior written consent of the other Party. Before making any disclosure permitted In no event shall an arbitration be initiated after the date when commencement of a legal or equitable proceeding based on the dispute, controversy or claim would be barred by the preceding sentence, a party shall give the other party reasonable advance written notice applicable New York statute of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeleslimitations.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and(g) The Parties agree that, in the event of a dispute over the nature or quality of performance under this Agreement, neither Party may terminate this Agreement until final resolution of the dispute through arbitration or other judicial determination. The Parties further agree that any payment made pursuant to this Agreement pending resolution of the dispute shall be refunded if an arbitrator or court determines that such breach, or threatened breach, the breaching party agrees that the other party will have available payment is not due.
(h) Nothing contained in this Agreement shall deny either Party the right to preliminary and permanent seek injunctive relief and or other equitable relief issued by from a court of competent jurisdiction in the context of a bona fide emergency or prospective irreparable harm, and such an action may be filed and maintained notwithstanding any ongoing discussions between the Parties or any ongoing arbitration proceeding. In addition, either Party may bring an action in any court of competent jurisdiction to prevent or curtail any such breach, or threatened breachresolve an Excluded Claim, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of no such provisions may be effectively restrained. The parties agree that this remedy claim shall be in addition subject to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding arbitration pursuant to enforce any provision hereof that the other party has or had an adequate remedy at lawSection 10.7(c).
Appears in 1 contract
Samples: Nonexclusive License and Development Agreement (Gritstone Bio, Inc.)
Governing Law; Dispute Resolution. A. This Agreement Any controversy or claim --------------------------------- arising out of or relating to the Escrow Agreement, or the parties' decision to enter into this Escrow Agreement, or the breach hereof, shall be governed settled by and construed arbitration in accordance with the laws International Arbitration Rules of the American Arbitration Association ("AAA"), and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Notwithstanding the forgoing to the contrary or in the arbitration rules invoked or in this Section 9(c), the parties retain the right to request a judicial ------------ authority to invoke interim measures of protection, and such request shall not be deemed incompatible with this agreement to arbitrate or a waiver of the right to arbitrate. The arbitration shall be held in either (i) San Diego or (ii) the city in which the Company's principal place of business is located, at the discretion of the party against whom the arbitration is sought, and the arbitrator shall apply the substantive law of the State of California, without giving effect to any principles or rules regarding conflicts except that the interpretation and enforcement of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute arbitration provision shall be settled exclusively governed by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Federal Arbitration Association (“AAA”)Act. The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement There shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years be mutually agreed upon by the parties and to be selected from the Regional Panel of experience in complex commercial transactionsDistinguished Neutrals. If the parties are unable to agree on upon such an arbitratorarbitrator who is willing to serve within ten (10) days of receipt of a demand to arbitrate by the other party, then the AAA shall appoint an arbitrator willing to serve from the stated panel, or if no such panel exists, the parties shall within three (3) days select one of the five (5) largest international accounting firms (excluding those providing services for the parties) and engage the managing partner or senior officer of its office located in the county in which the Company's principal place of business is located to designate a partner of such firm to serve as the arbitrator. The parties will cooperate with Failing that, then the AAA and with one another in selecting shall appoint an arbitrator willing to serve from the Regional Panel of Distinguished Neutrals, or if no such panel exists, then from an appropriate AAA panel. It shall be the duty of the arbitrator to set dates for preparation and hearing of any dispute and to expedite the resolution of such dispute. Recognizing that the release of Escrow Materials is time critical, the parties do hereby direct any arbitrator hereunder to reach a decision regarding the release of Escrow Materials (which may be a temporary or preliminary decision subject to such conditions as the arbitrator may, in scheduling its sole discretion, order) within 30 days following his or her engagement or appointment. It shall be the arbitration proceedings duty of the arbitrator to set dates for preparation and hearing of any dispute and to expedite the resolution of such dispute. The arbitrator shall permit and facilitate discovery, which will be conducted in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by Federal Rules of Civil Procedure, taking into account the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice needs of the intended disclosure parties and the desirability of making discovery expeditious and cost-effective. The arbitrator will set a discovery schedule with which the parties will comply and attend depositions if requested by either party. The arbitrator will entertain such presentation of sworn testimony or evidence, written briefs and/or oral argument as the parties may wish to present; however, no testimony or exhibits will be admissible unless the adverse party was afforded an opportunity to prevent disclosureexamine such witness and to inspect and copy such exhibits during the pre-hearing discovery phase. Any The arbitrator shall among his other powers and authorities, have the power and authority to award issued as a result of such arbitration interim or preliminary relief. The arbitrator shall not be empowered to award either party exemplary or punitive damages or any enhanced damages for willful infringement and the parties shall be final deemed to have waived any right to such damages. A qualified court reporter will record and binding between transcribe the parties thereto proceedings. The decision of the arbitrator will be in writing and shall judgment upon the award by the arbitrator may be enforceable by entered into any court having jurisdiction over thereof. Prompt handling and disposal of the party against whom enforcement issue is soughtimportant. By entering into this AgreementAccordingly, the parties are waiving their constitutional right arbitrator is instructed to have any Disputes decided in a court assume adequate managerial initiative and control over discovery and other aspects of law or before a jury the proceeding to schedule discovery and waive other activities for substantially continuous work, thereby expediting the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as much as is deemed reasonable to him, but in all events to effect a means final award within 365 days of resolution the arbitrator's selection or appointment and within 20 days of any Disputesthe close of evidence. The prevailing party in such arbitration proceedings shall be awarded its costs confidential and reasonable attorneys’ feesthe arbitrator shall issue appropriate protective orders to safeguard both parties' confidential information and the Escrow Materials. The parties agree that this clause has been included to rapidly fees of the arbitrator and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause the AAA shall be grounds for dismissal of any court action commenced paid as designated by with respect to this Agreementthe arbitrator or, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitableif he shall not so designate, injunctive or other similar relief in accordance with Paragraph 11D hereof, which they shall be resolved exclusively in split equally between the state or federal courts sitting in the County of Los Angelesparties.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Escrow Agreement (Protein Polymer Technologies Inc)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the “Chosen Courts”), and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by prepaid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesWilmington, California Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys’ fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the laws of the State of CaliforniaDelaware that apply to contracts made and performed entirely within such state.
(b) Subject to the terms of Section 8.9(c), without giving effect the parties hereto irrevocably submit, in any legal action or proceeding relating to any principles or rules regarding conflicts of laws (either this Agreement, to the exclusive jurisdiction of the State Delaware Court of California Chancery in and for New Castle County (and the appellate courts thereof) for any actions, suits or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy proceedings arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement or the matters contemplated hereby, or in the event (eachbut only in the event) that such Delaware Court of Chancery does not have subject matter jurisdiction over any such action, suit, proceeding or matter, the United States District Court for the District of Delaware (and the appellate courts thereof), or in the event (but only in the event) that such United States District Court for the District of Delaware also does not have subject matter jurisdiction over such action, suit, proceeding or matter, any Delaware state court sitting in New Castle County (and the appellate courts thereof) (and the parties agree not to commence any action, suit or proceeding relating thereto except in such courts) and consent that any such action or proceeding may be brought in such courts and waive any objection that they may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum. Each party agrees that a final judgment in any such action shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.
(c) Any legal action or proceeding relating to this Agreement involving Hakkasan Parent shall be governed by this Section 8.9(c), as follows:
(i) The relevant parties (the “Dispute Parties”) shall use reasonable efforts in good faith to settle amicably any and all disputes, controversies and conflicts, including any claim in tort, in equity or pursuant to statute, arising out of, relating to, or in connection with this Agreement or any transactions contemplated hereby, including any questions regarding its existence, validity, interpretation, scope, performance, enforceability or termination (a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Any Dispute not settled or resolved by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place Parties within thirty (30) calendar days shall be referred, upon written notice given by one Dispute Party to the other Dispute Party to members of senior management of each of Hakkasan Parent and TAO, for resolution by such senior management, who shall use reasonable efforts in good faith to settle amicably such Dispute within twenty (20) days of such referral (or such shorter time as is necessary to avoid immediate irreparable injury). Notwithstanding anything to the date contrary herein, the sole remedy of any Dispute Party for failure of the initial notice other Dispute Party to comply with this Section 8.9(c)(i) shall be to submit the underlying Dispute to the arbitration proceedings set forth in order this Section 8.9(c) and, for the avoidance of doubt, any such failure to exchange relevant information comply with this Section 8.9(c)(i), shall not, in and perspectivesof itself, and to attempt to resolve constitute the Disputebasis for a claim under this Section 8.9(c).
C. If the (ii) Any Dispute is not resolved by these negotiations, such Dispute pursuant to Section 8.9(c)(i) above shall be settled exclusively referred to and finally resolved by final and binding arbitration administered by the Arbitration Rules of the London Court of International Arbitration (“LCIA”), as amended and effective as of the date hereof (the “Rules”), as modified herein or as may be otherwise agreed by the Dispute Parties in Los Angeleswriting.
(iii) The number of arbitrators shall be three (3). Hakkasan Parent shall nominate one (1) arbitrator and the other Dispute Party shall nominate one (1) arbitrator. The third arbitrator, California who shall act as the presiding arbitrator of the tribunal (the “Chairperson”), shall be nominated by the two (2) party-nominated arbitrators. If any Dispute Party fails to appoint an arbitrator, as described above, or the two (2) party-appointed arbitrators fail to appoint the Chairperson within thirty (30) days of the date their appointment is confirmed, the arbitrator appointment(s) shall be made by the LCIA in accordance with the then current rules Rules. The Dispute Parties agree that the Chairperson shall be a national of a common law jurisdiction and may, but is not required to, be a U.S. national.
(iv) The arbitral tribunal alone shall have the authority to determine any challenge or question as to the tribunal’s jurisdiction, including but not limited to questions regarding the formation, existence, interpretation, performance, enforceability, validity, breach or termination of this Agreement or this arbitration provision, Section 8.9(c), and may impose equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that would be available from a court of competent jurisdiction (without any requirement to post bond) against any party hereto. For the avoidance of doubt, questions as to whether any Dispute is arbitrable shall be finally and exclusively decided by the arbitral tribunal, and not by any court.
(v) The seat of the American arbitration shall be New York, United States of America, without prejudice to the arbitral tribunal’s right to conduct hearings and take any other steps in the arbitration in any other location it deems necessary. This arbitration provision is expressly made pursuant to and shall be governed by the Federal Arbitration Association Act (“AAA”9 U.S.C. §§ 1 et seq.), to the exclusion of state law inconsistent therewith. The parties agree language of the arbitration shall be English.
(vi) The arbitral tribunal, in its administration of the arbitration, may be guided by the International Bar Association Rules on the Taking of Evidence in International Arbitration (2010), but this provision shall not be taken as acceptance of any particular form or scope of evidence taking.
(vii) Notwithstanding anything to the contrary in this Section 8.9(c), each Dispute Party (a) shall have the right to seek pre-arbitral preliminary, interim, conservatory or interlocutory relief or injunctions directly before any U.S. federal court sitting in the State of Delaware, and no party hereto shall dispute any such relief with respect to a breach on the basis that money damages is an adequate remedy or otherwise, and (b) submits to the non-exclusive jurisdiction of any such court.
(viii) In relation to the proceedings under Section 8.9(c)(vii) above, and all Disputes that are submitted any other relevant court proceedings arising out of, in relation to arbitration or in connection with any Dispute in accordance with this Section 8.9(c), including, but not limited to, proceedings for the enforcement of any arbitral award issued hereunder, each Dispute Party irrevocably waives, and agrees not to assert, any claim that it is not subject personally to the jurisdiction of any otherwise competent court, that its property is exempt or immune from attachment or execution, that the proceeding is brought in an inconvenient forum, that the venue of the proceeding is improper or that this Agreement may not be enforced in or by any such court.
(ix) All aspects of any arbitration hereunder, including the nature of the Dispute, the pleadings and the venue and timing of resolution, shall be decided confidential and not disclosed by one (1) neutral arbitrator who is a retired judge or attorney licensed Dispute Party to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsany third party, except for exceptions to confidentiality permitted under Section 4.7. If the parties are unable to agree on an arbitratorEach Dispute Party shall ensure that fact and expert witnesses, AAA shall designate the arbitrator. The parties will cooperate with AAA Dispute Party employees, lawyers and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party consultants involved in the arbitration proceedings(or retained to assist a party) agree to be bound by these confidentiality obligations.
(x) Each Dispute Party participating in such arbitration shall pay its own legal fees and expenses incurred in connection with the arbitration, except unless otherwise determined by the arbitral tribunal.
(xi) Notwithstanding anything to the contrary contained in Section 8.9(c)(x), any costs, fees or Taxes incident to enforcing the course of judicialaward shall, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure to the maximum extent permitted by law, be charged against the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any Dispute Party resisting such enforcement.
(xii) The arbitration award issued as a result of such arbitration shall be final and binding between on the parties thereto Dispute Parties. The Dispute Parties undertake to carry out any award without delay and shall irrevocably waive their right to any form of recourse based on grounds other than those contained in the United Nations’ Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 insofar as such waiver can validly be enforceable made. Judgment upon the award may be entered by any court having jurisdiction thereof or having jurisdiction over the party against whom enforcement relevant Dispute Party or its assets.
(xiii) Any monetary damages awarded shall be payable in U.S. Dollars unless otherwise agreed by the Dispute Parties.
(d) Each Party acknowledges that it is soughta separate legal entity distinct from its ultimate shareholders and/or the executive organs of the government of any state and is capable of suing and being sued. By entering The entry by each Party into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appealAgreement constitutes, and instead the exercise by each Party of relying on said rightsits respective rights and performance of its respective obligations hereunder will constitute, each party is solely private and knowingly accepting commercial acts performed for private and commercial purposes that shall not be deemed as being entered into in the use of arbitration as a means of resolution exercise of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelespublic function.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Madison Square Garden Entertainment Corp.)
Governing Law; Dispute Resolution. A. (a) This Agreement shall and any claim, controversy or dispute arising out of or related to this Agreement, any of the transactions contemplated hereby, the relationship of the parties, and/or the interpretation and enforcement of the rights and duties of the parties, whether arising in contract, tort, equity or otherwise, will be governed by by, and construed in accordance with with, the laws of the State of CaliforniaDelaware (including in respect of the statute of limitations or other limitations period applicable to any such claim, controversy or dispute), without giving effect regard to any applicable principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) law that would cause might require the application of the law laws of any other jurisdiction other than the State of Californiajurisdiction.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10b) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them judicial proceeding brought with respect to this Agreement, and that this clause shall Agreement must be grounds for dismissal of brought in any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive federal or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction located in the State of Delaware, and, by execution and delivery of this Agreement, each party (i) accepts and consents to, generally and unconditionally, the jurisdiction of such courts and any related appellate court, and irrevocably agrees to prevent be bound by any judgment rendered thereby in connection with this Agreement, and (ii) irrevocably waives any objection it may now or curtail hereafter have as to the venue of any such breachsuit, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding brought in such a court or that such court is an inconvenient forum.
(c) Service of process, summons, notice or other document by mail to enforce such party’s address set forth herein will be effective service of process for any provision hereof that suit, action or other proceeding relating to this Agreement or the other party has or had an adequate remedy at lawtransactions contemplated hereby.
(d) EACH OF PARENT, THE COMPANY (BOTH BEFORE AND AFTER GIVING EFFECT TO THE CLOSING), EACH COMPANY SECURITYHOLDER AND THE SECURITYHOLDERS’ REPRESENTATIVE IRREVOCABLY AND UNCONDITIONALLY WAIVES THE RIGHT TO TRIAL BY JURY IN CONNECTION WITH ANY MATTER BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
Appears in 1 contract
Samples: Merger Agreement (BIO-TECHNE Corp)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed interpreted in accordance with the substantive laws of the State of CaliforniaNew York, U.S.A. without giving effect regard to any principles or rules regarding conflicts of laws (either of the State of California its or any other jurisdiction) ’s choice of law rules that would cause result in the application of the law laws of any other jurisdiction other than the State of California.New York, U.S.A.
B. In (b) Except as otherwise provided in this Agreement, in the event of any dispute dispute, controversy, or controversy arising out of or claim (“Dispute”) between the Parties in any way related to connection with this Agreement, the matters referred to hereinconstruction hereof, or the Products to be supplied by Supplier pursuant to rights, duties or liabilities of either Party under this Agreement (each, a “Dispute”)Agreement, the parties will Parties shall first attempt in good faith to resolve through such Dispute by negotiation and consultation between themselves. In the event that such Dispute is not resolved on an informal basis within *** Business Days after one Party provides notice to the other Party of such Dispute. Either party may initiate negotiations of any Dispute , either Party may, by providing written notice to the other partyParty, setting forth refer such Dispute to the subject ***Certain confidential information contained in this document, marked with 3 asterisks, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the DisputeSecurities Act of 1934, as amended. The recipient of other Party for attempted resolution by good faith negotiation by the Executive Officers within *** days after such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to is received. In the Dispute. If the event that any Dispute is not resolved by this exchange under the foregoing provisions, each Party may, at its sole discretion, seek resolution of correspondence, then representatives of each party such Dispute in accordance with full settlement authority will meet at a mutually agreeable time and place within thirty Section 14.9(c).
(30c) calendar days of In the date of event the initial notice in order to exchange relevant information and perspectives, and to attempt Parties’ Executive Officers are not able to resolve the Dispute.
C. If the Dispute is not resolved such dispute, either Party may at any time after such *** day period submit such dispute to be finally settled by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California administered in accordance with the then current rules Commercial Arbitration Rules of the American Arbitration Association (“AAA”)) in effect at the time of submission. The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be heard and determined by three (3) arbitrators. Allergan and Serenity shall each appoint one arbitrator and the third arbitrator shall be selected by the two Party-appointed arbitrators, or, failing agreement within *** days following the date of receipt by the respondent of the claim, by the AAA. Such arbitration shall take place in New York, NY. The arbitration award so given shall be a final and binding between determination of the parties thereto dispute, shall be fully enforceable in any court of competent jurisdiction, and shall not include any damages expressly prohibited by Section 11.1. The Parties agree that all applicable statutes of limitation and time-based defenses (such as estoppel and laches) shall be enforceable by any court having jurisdiction over tolled while the party against whom enforcement is sought. By entering into dispute resolution procedures set forth in this AgreementSection 14.9(c) are pending.
(d) Notwithstanding anything herein to the contrary, the parties are waiving their constitutional right to have any Disputes decided nothing in this Section 14.9 shall preclude either Party from seeking interim or provisional relief, including a temporary restraining order, preliminary injunction or other interim equitable relief concerning a Dispute, including in a court of law or before a jury and waive law, if necessary to protect the right interests of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputessuch Party. The prevailing party in such arbitration This Section 14.9(d) shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve specifically enforceable.
(e) Notwithstanding the foregoing, any disputes between them with respect to this Agreementregarding the validity, and that this clause scope or enforceability of Patents or trademarks shall be grounds for dismissal of any court action commenced by with respect submitted to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense territory in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawwhich such rights apply.
Appears in 1 contract
Samples: License Agreement (Allergan Inc)
Governing Law; Dispute Resolution. A. (A) This Agreement shall be governed by and construed in accordance with the laws of the State of CaliforniaNew York, as such laws are applied to contracts entered into and to be performed within such state, as though made and to be fully performed therein without giving effect regard to any principles or rules regarding conflicts of laws (either law principles thereof. The United Nations Convention on Contracts for the International Sale of Goods will not apply to this Agreement. The Parties agree to submit to the personal jurisdiction in any Federal or State court of competent jurisdiction seated in the State of California New York, and waive any objection as to venue or any other jurisdiction) that would cause the application inconvenience of the law of any other jurisdiction other than the State of Californiaforum.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will B) The Parties shall initially attempt in good faith to resolve any significant controversy, claim, allegation of a Default or dispute arising out of or relating to this Agreement (hereinafter collectively referred to as a “Dispute”) through negotiation such Dispute. Either party may initiate negotiations between senior executives of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on Valera and recommended solution to the DisputeAlpex. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days (or such other period of time mutually agreed upon by the Parties) of notice of the date Dispute, then the Parties agree to submit the Dispute to non-binding mediation on terms and procedures to be mutually agreed to for a period of sixty (60) days. Any mediation proceedings shall be treated as settlement discussions and therefore shall be confidential, and no mediator may testify for either Party in any later proceeding relating to the dispute. No recording or transcript shall be made of the initial notice in order to exchange relevant information mediation proceedings. Each Party shall bear its own costs and perspectivesexpenses of mediation, and to attempt to resolve the DisputeParties shall share equally the fees and expenses of the mediator.
C. (C) If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge through negotiations or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or mediation as set forth herein. The parties further agrees above, then either Party may commence litigation; provided, that they will this Section 14.3 shall not assert as be construed to prevent a claim or defense in any action or proceeding to enforce any provision hereof that Party from seeking injunctive relief without observing the other party has or had an adequate remedy at lawrequirements of Section 14.3(b).
Appears in 1 contract
Samples: Collaboration and Development Agreement (Indevus Pharmaceuticals Inc)
Governing Law; Dispute Resolution. A. This 18.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 18.2 Each party irrevocably agrees for the event exclusive benefit of the other that any dispute and all suits, actions or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant proceedings relating to this Agreement (each, a “DisputeProceeding”)) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the parties will attempt “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in good faith the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to resolve through negotiation such Dispute. Either party may initiate negotiations the laying of the venue of any Dispute by providing written notice Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
18.3 Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees that (i) to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party’s agent for acceptance of legal process and notify the other party, setting forth the subject parties hereto of the Dispute. The recipient name and address of said agent, (ii) service of process may also be made on such notice will respond in writing within ten (10) calendar days party by pre-paid certified mail with a statement validated proof of its position on and recommended solution mailing receipt constituting evidence of valid service sent to such party at the Dispute. If the Dispute is not resolved by this exchange address set forth in Section 17 of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right as such address may be changed from time to have any Disputes decided in a court of law or before a jury and waive the right of appealtime pursuant hereto, and instead of relying on said rights(iii) service made pursuant to clause (i) or (ii) above shall, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party and, in personally within the event State of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawDelaware.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be construed in accordance with, and governed in all respects by, the internal laws of Delaware (without giving effect to principles of conflicts of laws). Except as provided in Section 13.7(b) below, any legal action or other legal proceeding relating to this Agreement or the enforcement of any provision of this Agreement may be brought or otherwise commenced in any state or federal court located in the State of Delaware. Each party to this Agreement:
(i) expressly and irrevocably consents and submits to the jurisdiction of each state and federal court located in the State of Delaware (and each appellate court located in the State of Delaware) in connection with any such legal proceeding;
(ii) agrees that each state and federal court located in the State of Delaware shall be deemed to be a convenient forum; and
(iii) agrees not to assert (by way of motion, as a defense or otherwise), in any such legal proceeding commenced in any state or federal court located in the State of Delaware, any claim that such party is not subject personally to the jurisdiction of such court, that such legal proceeding has been brought in an inconvenient forum, that the venue of such proceeding is improper or that this Agreement or the subject matter of this Agreement may not be enforced in or by such court.
(b) From and construed after the Closing, any dispute relating to, controversy or claim arising out of, relating to, or in connection with this Agreement, or the breach, termination or validity hereof, shall be settled by binding arbitration (an “Arbitrable Dispute”). Notwithstanding the preceding sentence, nothing in this Agreement, including this Section 13.7(b), shall prevent any party from seeking preliminary injunctive relief from a court of competent jurisdiction in connection with any Arbitrable Dispute. Except as herein specifically stated, any Arbitrable Dispute shall be resolved by arbitration in Delaware in accordance with the laws rules (the “Arbitration Rules”) of the State ICC International Court of California, without giving Arbitration (the “ICC”) then in effect to any principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable conducted in the English language. However, in all events, the provisions contained herein shall govern over any conflicting rules which may now or hereafter be contained in the Arbitration Rules. Any judgment upon the award rendered by the arbitrator shall be entered in any court having jurisdiction over the party against whom enforcement is soughtsubject matter thereof. By entering into this AgreementThe arbitrator shall have the authority to grant any equitable and legal remedies that would be available if any judicial proceeding was instituted to resolve an Arbitrable Dispute. The final decision of the arbitrator will be furnished by the arbitrator to the applicable parties in writing and will constitute a final, conclusive and non-appealable determination of the issue in question, binding upon such parties, and an order with respect thereto may be entered in any court of competent jurisdiction. Any such arbitration will be conducted before a single arbitrator. The arbitrator shall be mutually agreed upon by the parties to such arbitration proceeding. In the event such parties are unable to agree within 20 days following submission of the dispute to ICC by one of the parties, the parties are waiving their constitutional right to such arbitration shall follow the Arbitration Rules of the ICC for appointment of an arbitrator. No arbitrator shall have any Disputes decided past or present family, business or other relationship with Holdco, Horizon, Nitec, any Nitec Shareholder, any Former Horizon Stockholder, or any Affiliate, director or officer of the foregoing, unless following full disclosure of all such relationships, the parties to such arbitration agree in writing to waive such requirement with respect to an individual in connection with any dispute. The arbitrator shall be instructed to hold a hearing lasting up to five eight hour days regarding the disputed matter as promptly as practicable and to render an award with a reasoned opinion as promptly as practicable thereafter. The arbitrator shall set a limited time period and establish procedures designed to reduce the cost and time for discovery while allowing the parties to such arbitration an opportunity, adequate in the reasonable judgment of the arbitrator, to discover relevant information from the opposing parties and/or third parties about the subject matter of the dispute. The arbitrator shall rule upon motions to compel or limit discovery and shall have the authority to impose sanctions, including attorneys’ fees and costs, to the same extent as a competent court of law or before a jury and waive equity, should the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputesarbitrator determine that discovery was sought without substantial justification or that discovery was refused or objected to without substantial justification. The initial compensation to be paid to the arbitrator in any such arbitration and the costs of transcripts and other normal and regular expenses of the arbitration proceedings shall be as follows: (i) for any arbitration relating to Section 12.2 or 12.4 of this Agreement, Holdco will each pay all such costs, subject to the reimbursement provisions below; (ii) for any arbitration relating to Section 12.3 of this Agreement, Holdco or the applicable Horizon Indemnitee and the applicable Nitec Shareholder involved in such arbitration will each pay 50% of all such costs; and (iii) for any arbitration relating to Section 12.5 of this Agreement, Holdco or the applicable Nitec Indemnitee and the applicable Horizon Stockholder involved in such arbitration will each pay 50% of all such costs. Notwithstanding the foregoing, (A) the prevailing party in such any arbitration shall will be awarded its costs and entitled to an award of reasonable attorneys’ feesfees and costs; and (B) all costs of arbitration will be paid by the non-prevailing party and the arbitrator will be authorized to determine the identity of the prevailing party and the non-prevailing party, which in the case of claims under Section 12.2 and 12.4, will be satisfied from the Escrowed Exchange Shares or the Escrowed Horizon Shares, as applicable. The arbitrator chosen in accordance with these provisions will not have the power to alter, amend or otherwise affect the terms of these arbitration provisions or any other provisions contained in this Section 13.7(b) or this Agreement. Except as specifically otherwise provided in this Section 13.7(b) or this Agreement, arbitration will be the sole and exclusive remedy of the parties agree that this clause has been included to rapidly and inexpensively resolve for any disputes between them with respect Arbitrable Dispute or any other dispute arising out of or relating to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the laws Laws of the State of California, Arizona applicable to contracts executed and to be performed wholly within such State and without giving effect reference to any the choice or conflict of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause result in the application of the law Laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. In the event of (b) The Parties shall resolve any dispute dispute, controversy or controversy claim arising out of or in any way related relating to this Agreement, or to the matters referred to hereinnegotiation, execution, performance, termination, interpretation or the Products to be supplied by Supplier pursuant to this Agreement enforcement thereof (each, a “Dispute”)), as provided in this Section 11.2. The procedures set forth in this Section 11.2 shall be the parties will exclusive mechanism for resolving any Dispute that may arise from time to time.
(c) The Seller Parties, on one hand, and the Buyer Parties, on the other hand shall first attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiation and consultation between themselves. In the event that such Dispute is not resolved on an informal basis within fifteen (15) Business Days after one Party provides notice to the other Party of such Dispute, such Party may, by written notice to the other partyParty (“Escalation to Executive Notice”), refer such Dispute to the leadership of each Party (“Executive(s)”). If the Executives cannot resolve any Dispute during the time period ending fifteen (15) Business Days after the date of the Escalation to Executive Notice (the last day of such time period, the “Escalation to Mediation Date”), either Party may initiate mediation under Section 11.2(d).
(d) Subject to Section 11.2(c), a Party may, at any time after the Escalation to Mediation Date, submit the Dispute to JAMS for mediation by providing to JAMS a written request for mediation, setting forth the subject of the DisputeDispute and the relief requested. The recipient Following the submission of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to request for mediation, the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute Parties shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA JAMS and with one another in selecting the arbitrator a neutral mediator and in scheduling the arbitration proceedings mediation proceedings. The Parties covenant that they will use commercially reasonable efforts in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party participating in the arbitration proceedings, except in mediation.
(e) If the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by Parties cannot resolve the preceding sentence, a party shall give Dispute within thirty (30) Business Days after the other party reasonable advance written notice submission of the intended disclosure and an opportunity Dispute to prevent disclosure. Any award issued as a result JAMS for mediation for any reason, including the failure of such arbitration shall be final and binding between the parties thereto and shall be enforceable either Party to agree to any settlement proposed by any court having jurisdiction over the party against whom enforcement is sought. By entering into this AgreementJAMS, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively then either Party may proceed in the state or federal courts sitting in the County State of Los AngelesArizona to pursue all remedies available to such Party. Alternatively, the Parties may agree in writing to participate in voluntary binding arbitration regarding a Dispute. In such event, final and binding arbitration of the Dispute shall be conducted through JAMS, before a single arbitrator and in accordance with the JAMS Streamlined Arbitration Rules & Procedures. The Parties agree that the arbitration will be treated as confidential information to the extent permitted by applicable Law and the fact of the arbitration and all details thereof shall not be disclosed to any third party except to the arbitrator. Any arbitration conducted pursuant to this Agreement shall be held in Tucson or Phoenix, Arizona. The Parties waive any argument that the selection of that venue is inconvenient or otherwise improper.
D. Each party agrees that a breach (f) All costs of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary mediation and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy arbitration shall be in addition to all other remedies set forth in borne equally by the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.Parties,
Appears in 1 contract
Samples: Asset Purchase Agreement
Governing Law; Dispute Resolution. A. 15.3.1 This Agreement and its effect are subject to and shall be governed by construed and construed enforced in accordance with the law of the State of Delaware, without regard to its conflicts of laws, except as to any issue which depends upon the validity, scope or enforceability of any Amgen Prosecuted Patent or TScan Prosecuted Patent, which issue shall be determined in accordance with the laws of the State country in which such patent was issued. Each of California, without giving effect the Parties hereby irrevocably and unconditionally consents to any principles or rules regarding conflicts submit to the exclusive jurisdiction of laws (either the courts of the State of California Delaware for any matter arising out of or relating to this Agreement and the transactions contemplated hereby, and agrees not to commence any other jurisdiction) that would cause the application litigation relating thereto except in such courts. Each of the law Parties hereby irrevocably and unconditionally waives any objection to the laying of venue of any other jurisdiction other than matter arising out of this Agreement or the transactions contemplated hereby in the courts of the State of CaliforniaDelaware and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such matter brought in any such court has been brought in an inconvenient forum. The Parties agree that a final judgment in any such matter shall be conclusive and may be enforced in other jurisdictions by suits on the judgment or in any other manner provided by Applicable Law. Any proceeding brought by either Party under this Agreement shall be exclusively conducted in the English language.
B. 15.3.2 The Parties will try to settle their differences amicably between themselves. In the event of any dispute controversy or controversy claim arising out of or in relating to any way related to provision of this Agreement, the matters referred to herein, Agreement or the Products to be supplied by Supplier pursuant to performance or alleged non-performance of a Party of its obligations under this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party a Party may initiate negotiations of any Dispute by providing written notice to notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute is not resolved within [***] after receipt of the written notice by this exchange of correspondencethe other Party, then representatives such dispute will be referred to the Designated Executive Officers of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of Parties (or their respective designees) who will use their good faith efforts to resolve the initial notice in order Dispute within [***] after it was referred to exchange relevant information and perspectives, and to attempt the Designated Executive Officers. If the Designated Executive Officers fail to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final each Party may pursue its rights and binding arbitration in Los Angeles, California remedies in accordance with Section 15.3.1. Notwithstanding the then current rules of the American Arbitration Association (“AAA”)foregoing, no Dispute relating to Article 9 will be subject to this Section 15.3.2. The parties agree that any and all Disputes that are submitted to arbitration In addition, nothing in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties Section 15.3.2 will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional limit either Party’s right to have any Disputes decided seek immediate injunctive or other equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Research Collaboration and License Agreement (TScan Therapeutics, Inc.)
Governing Law; Dispute Resolution. A. 11.3.1 This Agreement shall Agreement, all disputes between the Parties related to or arising out of this Agreement, the Parties’ relationship created hereby, and/or the negotiations for and entry into this Agreement, including any dispute concerning its conclusion, binding effect, amendment, coverage, or termination, will be governed by and construed in accordance with the laws of the State of CaliforniaNew York, U.S.A., without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) that would cause the application of the law laws of any other a different jurisdiction, and will (subject to Section 11.3.2 below) be subject to the non-exclusive jurisdiction other than of the State courts of Californiacompetent jurisdiction located in Germany, England, and New York, New York.
B. 11.3.2 The Parties will try to settle their differences amicably between themselves. In the event of any dispute controversy or controversy claim arising out of or in relating to any way related to provision of this Agreement, the matters referred to herein, Agreement or the Products to be supplied by Supplier pursuant to performance or alleged non-performance of a Party of its obligations under this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party a Party may initiate negotiations of any Dispute by providing written notice to notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute is not resolved by this exchange within [***] of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days receipt of the date of written notice by the initial notice in order other Party, such dispute will be referred to exchange relevant information and perspectives, and the [***] who will use their good faith efforts to attempt resolve the Dispute within [***] after it was referred to the [***]. If the [***] fail to resolve the Dispute.
C. If , each Party may pursue its rights and remedies as described in Section 11.3.1 above. Notwithstanding the foregoing, no Dispute is not resolved by these negotiationsrelating to Section 7 will be subject to this Section 11.3.2. In addition, such Dispute shall be settled exclusively by final and binding arbitration nothing in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties Section 11.3.2 will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional limit either Party’s right to have any Disputes decided seek immediate injunctive or other equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Governing Law; Dispute Resolution. A. 22.4.1 This Agreement, and any claim, dispute, or controversy of whatever nature arising out of or relating to this Agreement shall will be governed by and construed in accordance with the laws of the State of CaliforniaNew York, U.S.A., without giving effect to any principles or rules regarding conflicts of laws (either choice of the State of California or any other jurisdiction) law that would cause require the application of the law laws of any other jurisdiction other than the State of Californiaa different state or country.
B. In the event of 22.4.2 The Parties will try to settle their differences amicably between themselves. If any dispute claim, dispute, or controversy of whatever nature arising out of or in any way related relating to this Agreement, including the matters referred to herein, performance or the Products to be supplied by Supplier pursuant to alleged non-performance of a Party of its obligations under this Agreement arises between the Parties (each, each a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party a Party may initiate negotiations of any Dispute by providing written notice to notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Parties are unable to resolve the Dispute within [***] of receipt of the written notice by the other Party, such dispute will be referred to the Chief Executive Officers of each of the Parties who will use their good faith efforts to resolve the Dispute within [***] after such referral.
22.4.3 If a Dispute is not resolved by as provided in the preceding Section 22.4.2, whether before or after termination of this exchange of correspondenceAgreement, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt Parties hereby agree to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California administered under the rules of arbitration of JAMS by one arbitrator appointed in accordance with the then current rules said Rules, provided that upon request of either Party, three arbitrators will be appointed. If the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that Parties are submitted unable to arbitration mutually select such panel, the panel will be selected in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years the procedures of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitratorJAMS. The parties decision and award rendered by the panel will cooperate with AAA be final and with one another in selecting binding. In any such arbitration, the arbitrator arbitrators will not have the right to modify the terms and in scheduling conditions of this Agreement. As a result, the arbitration proceedings rights and obligations of the Parties will be determined in accordance with applicable AAA proceduresthe terms and conditions of this Agreement and any award will be only in accordance with the terms and conditions of this Agreement. All The Parties will exert best efforts to have the decision and award rendered within [***] after the first to occur of (i) notice of breach of this Agreement, which breach is a subject of the arbitration, and (ii) a notice invoking this arbitration proceedings shall be confidentialprovision. Neither party shall disclose any information about Judgment upon the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as award may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by entered in any court having jurisdiction over thereof. Any arbitration pursuant to this section will be held in Washington, D.C. or such other place as may be mutually agreed upon in writing by the party against whom enforcement is soughtParties. By entering into this Agreement, the parties are waiving their constitutional right With respect to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them arising in connection with an alleged breach of a Party’s rights and obligations with respect to confidential Know-How or Confidential Information received from the other Party, the arbitrator will apply *** Certain information on this Agreement, page has been omitted and that this clause shall be grounds for dismissal of any court action commenced by filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. the discovery provisions of the Federal Rules of Civil Procedure. This means that depositions may be taken and full discovery may be obtained in any arbitration commenced under this Agreement, other than post-arbitration actions seeking Section 22.4 with respect to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelessuch disputes.
D. Each party agrees that a breach 22.4.4 Notwithstanding the provisions of its obligations under Paragraph 14 will result in irreparable harm to the other party andthis Section 22.4, in the event of such breach, or threatened breach, the breaching party agrees that the other party either Party will have available the right to preliminary and seek temporary or permanent injunctive relief and other equitable relief issued by in any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions as may be effectively restrainedavailable to such Party under the laws and rules applicable in such jurisdiction. The parties agree that Further, the provisions of this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they Section 22.4 will not assert as apply with respect to any claim of a claim or defense in any action or proceeding to enforce any provision hereof Party that the other party has or had an adequate remedy at lawParty is infringing any of its patents.
Appears in 1 contract
Samples: Bite Research Collaboration Agreement (Micromet, Inc.)
Governing Law; Dispute Resolution. A. 15.1 This Agreement shall be governed by and construed in accordance with the laws of Korea without reference to the State choice of Californialaw principles thereof.
15.2 Any Party seeking the resolution of a dispute arising under this Agreement must provide written notice of such dispute to the other Party, without giving effect which notice shall describe the nature of such dispute. All such disputes shall be referred initially to any principles or rules regarding conflicts of laws (either the Coordinating Committee for resolution. Decisions of the State Coordinating Committee under this Section 15.2 shall be made by unanimous vote of California or any other jurisdiction) that would cause all members and shall be final and legally binding on the application Parties. If a dispute is resolved by the Coordinating Committee, then the terms of the law resolution and settlement of any other jurisdiction other than the State of California.
B. such dispute shall be set forth in writing and signed by both Parties. In the event of any that the Coordinating Committee does not resolve a dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date submission thereof, such dispute shall be resolved in accordance with Section 15.3. Notwithstanding the foregoing, Hynix and NewCo shall each continue to perform their obligations under this Agreement during the pendency of such dispute in accordance with this Agreement.
15.3 The Parties agree that irreparable damage would occur in the event that any of the initial notice provisions of this Agreement were not performed in order accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties shall be entitled to exchange relevant information and perspectives, an injunction to prevent any breach of this Agreement and to attempt enforce specifically the terms and provisions of this Agreement by bringing a relevant action in the Seoul Central District Court in Seoul, Korea, in addition to resolve any other remedy to which any Party may be entitled at law or in equity. In addition, the Dispute.
C. If Parties agree that any dispute, claims or controversy between the Dispute Parties arising out of or relating to this Agreement, whether in contract, tort, equity or otherwise and whether relating to the meaning, interpretation, effect, validity, performance or enforcement of this Agreement, which is not resolved by these negotiations, such Dispute the Coordinating Committee pursuant to Section 15.2 shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with submitted to the then current rules exclusive jurisdiction of the American Arbitration Association (“AAA”)Seoul Central District Court, in Seoul, Korea. The parties agree that Each of the Parties irrevocably waives, to the fullest extent permitted by law, any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatoryobjection which it may now, or arbitration proceedinghereafter, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breachjurisdiction of, or threatened breachthe venue in, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawSeoul Central District Court.
Appears in 1 contract
Samples: It & Fa Service Agreement (MagnaChip Semiconductor LTD (United Kingdom))
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, Delaware without giving effect to any principles choice or rules regarding conflicts conflict of laws law provision or rule (either whether of the State of California Delaware or any other jurisdiction).
(b) that would cause the application of the law If any dispute, claim or controversy of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy nature arising out of or in any way related relating to this Agreement, the matters referred to hereinincluding any action or claim based on equity, tort, contract or statute, or concerning the Products to be supplied by Supplier pursuant to interpretation, effect, termination, validity, performance or breach of this Agreement (each, a “Dispute”), arises between the parties will attempt in and the parties cannot resolve such Dispute through good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other partydiscussions, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of a written request by either ABS or Parent to the date other party (“Notice of Dispute”), either ABS or Parent may refer the Dispute to the Chief Executive Officer of ABS (or an executive officer of ABS designated by the Chief Executive Officer of ABS who has the power and authority to resolve such matter) and the Chief Executive Officer of Parent (or an executive officer of Parent designated by the Chief Executive Officer of Parent who has the power and authority to resolve such matter) (collectively, the “Executive Officers”) for resolution. Each of ABS and Parent, within five (5) Business Days after a party has received such written request from the other party to so refer such Dispute, shall notify the other party in writing of the initial notice Executive Officer to whom such dispute is referred. If, after an additional sixty (60) days after the Notice of Dispute, such Executive Officers have not succeeded in order to exchange relevant information and perspectivesnegotiating a resolution of the Dispute, and a party wishes to attempt to resolve pursue the Dispute.
C. If the Dispute is not resolved by these negotiationsmatter, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance then either party may initiate legal proceedings with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration respect thereto in accordance with this Section 8.10.
(c) With respect to any Dispute, each of the parties: (i) irrevocably consents to the exclusive jurisdiction and venue in the Delaware Court of Chancery within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any court of the United States located in the State of Delaware, or, if any such court of the United States located in the State of Delaware declines to accept jurisdiction over a particular matter, any state court located in the State of Delaware); (ii) agrees not to commence any legal proceedings relating to or arising out of this Agreement or the transactions contemplated hereby in any jurisdiction or courts other than as provided in this Section 8.10; (iii) waives its right to a jury trial; (iv) agrees that process shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other served upon such party in the arbitration proceedingsmanner set forth in Section 8.02, except and that service in such manner shall constitute valid and sufficient service of process; and (v) waives and covenants not to assert or plead any objection that such party might otherwise have to such jurisdiction, venue or process, including that any suit or proceeding brought in any such court has been brought in an inconvenient forum. Notwithstanding the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentenceforegoing, a party shall give the other party reasonable advance written notice will be entitled to seek enforcement of the intended disclosure and an opportunity a judgment entered pursuant to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by this Section 8.10 in any court having competent jurisdiction over the party against whom thereof where enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesdeemed necessary.
D. Each (d) Notwithstanding the foregoing, any Excluded Claim may be submitted by any party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent over such Excluded Claim. As used in this Section 10.10, the term “Excluded Claim” means any dispute, controversy or curtail claim that concerns (i) the validity, enforceability or infringement of any such breachpatent, trademark or copyright, or threatened breach(ii) any antitrust, and anti-monopoly or competition law or regulation, whether or not statutory
(e) Notwithstanding anything in this Section 8.10 to specific performance the contrary, each party shall have the right to apply to any court of any covenant contained hereincompetent jurisdiction for appropriate interim or provisional relief, in each case as necessary to protect the rights or property of such party, for clarity, without the proof necessity of actual damage or any bond or similar security being posted, in order that complying with the breach, or threatened breach, provisions of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawSection 8.10.
Appears in 1 contract
Samples: Merger Agreement (Erasca, Inc.)
Governing Law; Dispute Resolution. A. (a) This Agreement and the rights and obligations of the parties hereto shall be governed by and construed and interpreted in accordance with the laws Laws of the State Province of California, without giving effect to any principles or rules regarding conflicts Ontario and the federal Laws of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of CaliforniaCanada applicable therein.
B. In the event of any dispute or controversy arising out of or (b) EACH OF THE XXXXXXX PARTIES, SPECTRA, XXXX XXXXXX AND THE SPECTRA SUBSIDIARIES HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY.
(c) Except as otherwise set forth in any way related to this Agreement, the matters referred to herein, if any dispute arises under this Agreement or the Products to be supplied by Supplier pursuant to this Escrow Agreement (each, a “Dispute”)that is not settled promptly in the ordinary course of business, the parties will attempt shall seek to resolve such dispute between them, first, by negotiating promptly with each other in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree resolve such dispute between them within 10 Business Days after such dispute arises (or such period as the parties shall otherwise agree) through these negotiations, then any such dispute shall be submitted to arbitration as set forth in subsection (d) below.
(d) Except as otherwise set forth in this Agreement, any dispute herein shall take place on an arbitratora confidential basis under the auspices of the American Arbitration Association ("AAA"), AAA which proceeding shall designate be conducted under the arbitratorCommercial Arbitration Rules. The parties will cooperate with AAA and with one another arbitration shall take place in selecting the arbitrator and in scheduling the arbitration proceedings New York, New York, in accordance with applicable the following procedures:
(i) The parties shall attempt to agree on a single arbitrator within thirty (30) days of the demand for arbitration. If the parties fail to agree on a single arbitrator within the thirty (30) day period, then within ten (10) further days each party shall select a single arbitrator, who shall together within ten (10) further days select a third arbitrator (and if no such third arbitrator can be selected, the AAA proceduresshall select such third arbitrator). All The single arbitrator, or the three arbitrators, as the case may be, shall preside over the arbitration.
(ii) Unless otherwise agreed to by the parties, the arbitration proceedings shall take place within sixty (60) days after the arbitrator(s) are appointed. The arbitration hearing shall be confidential. Neither party held on consecutive Business Days.
(iii) The parties shall disclose any information about be entitled to conduct discovery in accordance with the evidence produced Federal Rules of Civil Procedure as in effect where arbitration occurs, limited to document production and depositions and subject to further limitation by the arbitrator(s) to secure just and efficient resolution of the controversy, dispute or Claim. The arbitrator(s) are empowered to issue subpoenas to compel compliance with requirements for pre-hearing exchange of witness lists and documents or deposition discovery, and to enforce the discovery rights and obligations of the parties.
(iv) The arbitration shall include the presentation of evidence and examination of witnesses at an oral hearing. The hearing shall be conducted to preserve its privacy and to allow reasonable procedural due process. Rules of evidence need not be strictly followed, and the hearing shall be streamlined. Documents shall be self-authenticating, subject to valid objection by the opposing party. Expert reports, witness biographies, depositions, and affidavits may be utilized, subject to the opposing party's right to a live cross-examination of the witness in person. The arbitrator(s) shall control the scheduling and conduct of the proceedings.
(v) If the amount in controversy exceeds $10,000, the decision of the arbitrator(s) shall include a statement specifying in reasonable detail the basis for and computation of the award, if any. The award rendered by the arbitrator(s) shall be final, shall not constitute a basis for collateral estoppel as to any issue in any other party in the arbitration proceedings, except in the course of judicial, regulatory, legal or arbitration proceeding, and shall not be subject to vacation or as modification. Judgment upon the award may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by entered in any court having jurisdiction over the jurisdiction.
(vi) No party against whom enforcement is sought. By entering into this Agreementshall be precluded hereby from securing equitable remedies in courts of any jurisdiction, the parties are waiving their constitutional right including temporary restraining orders and preliminary injunctions, to have protect its rights and interests, but no party shall seek any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration such equitable remedies as a means of resolution of any Disputesto avoid or stay arbitration.
(vii) The parties other than the party that substantially prevails (the "PREVAILING PARTY") in the arbitration shall share equally the arbitrator(s) fees for the arbitration. The prevailing party in such arbitration Prevailing Party shall be awarded entitled, as a component of the arbitration award, to reimbursement of its costs and expenses including, without limitation, reasonable attorneys’ attorney's fees. The In the event that the arbitration award fails to clarify which (if any) party has substantially prevailed, then the parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause the arbitrator(s) shall be grounds deemed to have retained jurisdiction for dismissal purposes of clarifying, upon request of any court action commenced by with respect to this Agreementparty, other than post-arbitration actions seeking to enforce an arbitration award such determination and actions seeking equitableany resulting allocation of costs, injunctive fees or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesexpenses.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Combination Agreement (Sanchez Computer Associates Inc)
Governing Law; Dispute Resolution. A. This (a) Except as set forth in Section 10.10(f), this Agreement shall be governed by and construed in accordance with the internal laws of the State of California, Delaware without giving effect to any principles choice or rules regarding conflicts conflict of laws law provision or rule (either whether of the State of California Delaware or any other jurisdiction) that would cause the application of the law Laws of any other jurisdiction other than those of the State of CaliforniaDelaware.
B. In (b) Except as set forth in Section 10.10(f), the event of sole and exclusive method for resolving any claim or dispute or controversy (“Claim”) arising out of or in any way related relating to this Agreement, the matters referred to herein, or rights and obligations of the Products to be supplied by Supplier pursuant to parties under this Agreement (each, a “Dispute”other than with respect to the procedures set forth in Section 2.04(c) relating to and Disputed Amounts), whether such Claim arose or the parties will attempt in good faith facts on which such Claim is based occurred prior to resolve through negotiation such Dispute. Either party may initiate negotiations or after the execution and delivery of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one mediation and arbitration as provided in this Section 10.10.
(1c) neutral arbitrator who is Either party may give notice of a retired judge or attorney licensed Claim in writing to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsthe other party and the parties shall designate a mutually agreed mediator to resolve the Claim. If the parties are unable to agree on an arbitratora mediator, AAA they shall designate submit the arbitratorClaim to JAMS, Inc. in Wilmington, Delaware, and request a panel of prospective neutrals to conduct a mediation process, who shall be individuals with substantial experience with equity purchase agreements and complex commercial contracts as well as familiarity with Delaware law relevant to transactions of this type. The parties will cooperate with AAA and with one another mediation shall be convened within thirty (30) days of the notice of the Claim, or as soon thereafter as is feasible. If the mediation is unsuccessful in selecting resolving the arbitrator and in scheduling Claim, either party may give notice of its intention to arbitrate the arbitration proceedings Claim in accordance with applicable AAA proceduresSection 10.10(d).
(d) Any arbitration to resolve a Claim shall be administered by JAMS, Inc. in accordance with its Comprehensive Arbitration Rules and Procedures (the “Arbitration Rules”) before one arbitrator to be appointed pursuant to the Arbitration Rules to conduct any such arbitration. The arbitrator shall have substantial experience with equity purchase agreements and complex commercial contracts as well as familiarity with Delaware law relevant to transactions of this type. All meetings of the parties and all hearings with respect to any such arbitration proceedings shall take place in Wilmington, Delaware, or such other place as the parties may designate. Each party to the arbitration shall bear its own costs and expenses (including all attorneys’ fees and expenses, except to the extent otherwise required by applicable Law), and all costs and expenses of the arbitration proceeding (such as filing fees, the arbitrator’s fees, hearing expenses, etc.) shall be confidential. Neither borne equally by the parties; provided, however, that the arbitrator may, in the arbitrator’s discretion, award costs and expenses to the prevailing party shall in the arbitration.
(e) In the event that any party or any of such party’s Affiliates, associates or representatives is requested or required (by oral question or request for information or documents in any legal proceeding, interrogatory, subpoena, civil investigative demand or similar process) to disclose any information about concerning an arbitration or mediation proceeding conducted in accordance with this Agreement (the evidence produced “Disclosing Party”), such Disclosing Party shall notify the other parties promptly of the request or requirement so that any such other party may seek an appropriate protective order or waive compliance with the provisions of this Section 10.10. If, in the absence of a protective order or the receipt of a waiver hereunder, the Disclosing Party or any of its Affiliates, associates or representatives believes in good faith, upon the advice of legal counsel, that it is compelled to disclose any such information, such Disclosing Party may disclose such portion of the information as it believes in good faith, upon the advice of legal counsel, it is required to disclose; provided that the Disclosing Party shall use reasonable efforts to obtain, at the request and expense of such other party, an order or other assurance that confidential treatment shall be accorded to such portion of the Arbitration Information required to be disclosed as such other party shall designate. Notwithstanding anything in this Section 10.10 to the contrary, the parties shall have no obligation to keep confidential any Arbitration Information that becomes generally known to and available for use by the public other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued than as a result of the disclosing party’s acts or omissions or the acts or omissions of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreementparty’s Affiliates, the parties are waiving their constitutional right to have any Disputes decided in a court of law associates or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ feesrepresentatives. The parties agree that, subject to the right of any party to appeal or move to vacate or confirm any decision, judgment, ruling, finding, award or other determination of an arbitration as provided in this Section 10.10, the decision, judgment, ruling, finding, award or other determination of any arbitration under the Arbitration Rules shall be final, conclusive and binding on all of the parties hereto and any party may institute litigation to enforce any final decision, judgment, ruling, finding, award or other determination of the arbitration.
(f) Notwithstanding anything to the contrary herein, each of the Parties hereto agrees that this clause has been included to rapidly and inexpensively resolve it will not bring or support any disputes between them with respect Action of any kind or description, whether in contract, tort, equity, or otherwise, against a Financing Source in any way relating to this AgreementAgreement or any of the transactions contemplated hereby, and that this clause shall be grounds for dismissal including any dispute arising out of or relating in any court action commenced by with respect way to this Agreementthe Financing, in any forum other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts Supreme Court of the State of New York sitting in the County Borough of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, Manhattan in the event City of such breachNew York, or threatened breachor, if under applicable Law exclusive jurisdiction is vested in the federal courts, the breaching party agrees that United States District Court for the other party will have available Southern District of New York (and appellate courts thereof) sitting in the right Borough of Manhattan in the City of New York. To the maximum extent permitted by applicable law, each of the Parties hereto irrevocably waives any and all rights to preliminary and permanent injunctive relief and other equitable relief issued a trial by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance jury in respect of any covenant contained hereinclaim, controversy or dispute (whether based in each case without the proof of actual damage contract, tort or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as otherwise) against a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawFinancing Source.
Appears in 1 contract
Governing Law; Dispute Resolution. A. 10.4.1 This Agreement shall Agreement, all disputes between the Parties related to or arising out of this Agreement, the Parties’ relationship created hereby, and/or the negotiations for and entry into this Agreement, including any dispute concerning its conclusion, binding effect, amendment, coverage, or termination, will be governed by and construed in accordance with the laws of the State of California, New York without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 10.4.2 The Parties will try to settle their differences amicably between themselves. In the event of any dispute controversy or controversy claim arising out of or in relating to any way related to provision of this Agreement, the matters referred to herein, Agreement or the Products to be supplied by Supplier pursuant to performance or alleged non-performance of a Party of its obligations under this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party a Party may initiate negotiations of any Dispute by providing written notice to notify the other party, setting forth the subject of the Dispute. The recipient Party in writing of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt Parties are unable to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules within 20 days of receipt of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced written notice by the other party in Party, such dispute will be referred to the arbitration proceedings, except in the course Chief Executive Officers of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice each of the intended disclosure and an opportunity Parties (or their respective designees) who will use their good faith efforts to prevent disclosureresolve the Dispute within 30 days after it was referred to the Chief Executive Officers. Any award issued as a result of such arbitration shall Notwithstanding the foregoing, no Dispute relating to Section 6 will be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is soughtsubject to this Section 10.4.2. By entering into In addition, nothing in this Agreement, the parties are waiving their constitutional Section 10.4 will limit either Party’s right to have any Disputes decided seek immediate injunctive or other equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law competent jurisdiction.
10.4.3 Any Dispute that is not resolved as provided in Section 10.4.2, whether before or before a jury and waive the right after termination of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall will be resolved exclusively by litigation in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction located in New York, New York. Each Party hereby agrees to prevent such jurisdiction and waives any objections as to the personal jurisdiction or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, venue of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawcourts.
Appears in 1 contract
Governing Law; Dispute Resolution. A. This All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed and enforced in accordance with the laws of the State of CaliforniaNew York, without giving effect regard to any the principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) law that would cause require or permit the application of the law laws of any other jurisdiction other than jurisdiction. Each party agrees that all legal proceedings concerning the State interpretations, enforcement and defense of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied transactions contemplated by Supplier pursuant to this Agreement (eachwhether brought against a party hereto or its respective affiliates, a “Dispute”)directors, the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other partyofficers, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10shareholders, employees or agents) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or and federal courts sitting in the County City of Los Angeles.
D. New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that a breach such service shall constitute good and sufficient service of its obligations under Paragraph 14 will result process and notice thereof. Nothing contained herein shall be deemed to limit in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the any way any right to preliminary and permanent injunctive relief and other equitable relief issued serve process in any manner permitted by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedlaw. The parties agree that this remedy hereby waive all rights to a trial by jury. If either party shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any commence an action or proceeding to enforce any provision hereof that provisions of this Agreement, then the prevailing party in such action or proceeding shall be reimbursed by the other party has for its reasonable attorneys’ fees and other costs and expenses reasonably incurred in connection with the investigation, preparation and prosecution of such action or had an adequate remedy at lawproceeding.
Appears in 1 contract
Samples: Series I Preferred Stock Purchase Agreement (Entech Solar, Inc.)
Governing Law; Dispute Resolution. A. (a) This Agreement Agreement, and the rights and obligations of each and all of the Partners hereunder, shall be governed by and construed in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to conflict of laws rules thereof.
(b) Subject to Section 9.8(c), any dispute, controversy, suit, action or proceeding arising out of or relating to this Agreement will be settled exclusively by arbitration, conducted before a single arbitrator in New York County, New York (applying Delaware law) in accordance with, and pursuant to, the applicable rules of JAMS (“JAMS”). The arbitration shall be conducted on a strictly confidential basis, and none of the parties shall disclose the existence of a claim, the nature of a claim, any documents, exhibits, or information exchanged or presented in connection with such a claim, or the result of any action, to any principles third party, except as required by law, with the sole exception of their legal counsel and parties engaged by that counsel to assist in the arbitration process, who also shall be bound by these confidentiality terms. The decision of the arbitrator will be final and binding upon the parties hereto. Any arbitral award may be entered as a judgment or rules regarding conflicts order in any court of competent jurisdiction. Either party may commence litigation in court to obtain injunctive relief in aid of arbitration, to compel arbitration, or to confirm or vacate an award, to the extent authorized by the United States Federal Arbitration Act or the New York Arbitration Act. The party that is determined by the arbitrator not to be the prevailing party will pay all of the JAMS administrative fees, the arbitrator’s fee and expenses. If neither party is so determined, such fees shall be shared. Each party shall be responsible for such party’s attorneys’ fees. IF THIS AGREEMENT TO ARBITRATE IS HELD INVALID OR UNENFORCEABLE THEN, TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTNER AND THE PARTNERSHIP WAIVE AND COVENANT THAT THE PARTNER AND THE PARTNERSHIP WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY ACTION ARISING IN WHOLE OR IN PART UNDER OR IN CONNECTION WITH THIS AGREEMENT, WHETHER NOW OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AND AGREE THAT ANY OF THE PARTNERSHIP OR ANY OF ITS AFFILIATES OR THE PARTNER MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED-FOR AGREEMENT AMONG THE PARTNERSHIP AND ITS AFFILIATES, ON THE ONE HAND, AND THE PARTNER, ON THE OTHER HAND, IRREVOCABLY TO WAIVE THE RIGHT TO TRIAL BY JURY IN ANY PROCEEDING WHATSOEVER BETWEEN SUCH PARTIES ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THAT ANY PROCEEDING PROPERLY HEARD BY A COURT UNDER THIS AGREEMENT WILL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.
(c) Nothing in this Section 9.8 will prevent the General Partner or a Limited Partner from applying to a court for preliminary or interim relief or permanent injunction in a judicial proceeding (e.g., injunction or restraining order), in addition to and not in lieu of any other remedy to which it may be entitled at law or in equity, if such relief from a court is necessary to preserve the status quo pending resolution or to prevent serious and irreparable injury in 38 connection with any breach or anticipated breach of any Restrictive Covenants; provided, that all parties explicitly waive all rights to seek preliminary, interim, injunctive or other relief in a judicial proceeding and all parties submit to the exclusive jurisdiction of the forum described in Section 9.8(b) hereto for any dispute or claim concerning continuing entitlement to distributions or other payments, even if such dispute or claim involves or relates to any Restrictive Covenants. For the purposes of this Section 9.8(c), each party hereto consents to the jurisdiction and venue of the state and federal courts within the County of New York in the State of New York.
(d) Notwithstanding any provision of this Agreement to the contrary, this Section 9.8 shall be construed to the maximum extent possible to comply with the laws (either of the State of California Delaware, including the Uniform Arbitration Act (10 Del. C. § 5701 et seq.). If, nevertheless, it shall be determined by a court of competent jurisdiction that any term or any other jurisdiction) that would cause provision of this Section 9.8 shall be invalid or unenforceable under the application laws of the law of any other jurisdiction other than the State of California.
B. In Delaware, such invalidity shall not invalidate all of this Section 9.8. Instead, this Section 9.8 shall be construed so as to limit any such term or provision so as to make it valid or enforceable within the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject requirements of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days laws of the date State of the initial notice in order to exchange relevant information and perspectivesDelaware, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breachterm or provision cannot be so limited, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy Section 9.8 shall be in addition construed to all other remedies set forth in the Agreement omit such invalid or as set forth herein. The parties further agrees that they will not assert as a claim unenforceable term or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawprovision.
Appears in 1 contract
Samples: Limited Partnership Agreement (Apollo Global Management, Inc.)
Governing Law; Dispute Resolution. A. (a) This Agreement shall for all purposes be governed by and construed in accordance with the laws of the State Kingdom of California, without giving effect to any principles or rules regarding conflicts of laws Nepal.
(either b) Each of the State of California or any other jurisdiction) that would cause Agent and the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or Trustee shall designate in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice writing to the other partyparty a representative who shall be authorized to resolve any dispute arising under this Agreement in an equitable manner and, setting forth unless otherwise expressly provided herein, to exercise the subject authority of the Dispute. The recipient of such notice will respond in writing within ten parties hereto to make decisions by mutual agreement.
(10i) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by designated representatives are unable to resolve a dispute under this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place Agreement within thirty (30) calendar days of the date commencement of discussions, such dispute shall be referred by such representatives, respectively, to a senior officer designated by the Agent and a senior officer designated by the Trustee to be resolved within thirty (30) days of the initial notice in order to exchange relevant information and perspectives, and commencement of discussions.
(ii) The parties hereto agree to attempt to resolve the Disputeall disputes arising hereunder promptly, equitably and in a good faith manner.
C. If (iii) The parties further agree to provide each other with reasonable access during normal business hours to any and all records, information and data pertaining to any such dispute other than any confidential communication between any party and its legal advisor(s) or any such records, information or data which any party has agreed with any third party to keep confidential.
(c) In the Dispute event that any dispute is not unable to be resolved by these negotiationsbetween the parties pursuant to Section 11.4(b) hereof, then such Dispute dispute shall be settled exclusively and finally by final binding arbitration. It is specifically understood and binding agreed that any dispute that cannot be resolved between the parties, including any matter relating to the interpretation of this Agreement, shall be submitted to arbitration irrespective of the magnitude thereof, the amount in Los Angelesdispute or whether such dispute would otherwise be considered justiciable or ripe for resolution by any court or arbitral tribunal. This Agreement and the rights and obligations of the parties shall remain in full force and effect pending the award in such arbitration proceeding, California which award shall determine whether and when termination of this Agreement, if relevant, shall become effective.
(d) Each arbitration shall be conducted in accordance with the then current rules UNCITRAL Arbitration Rules as in effect on Chaitra 17, 2050 (March 30, 1994) except as such Rules conflict with the provisions of this Section 11.4 in which event the provisions of this Section 11.4 shall prevail.
(e) Each arbitral tribunal shall consist of three arbitrators. Provided there are only two parties to any dispute, each party shall appoint one arbitrator and the third arbitrator shall be appointed by the Secretary General of the American Permanent Court of Arbitration Association (“AAA”)at the Hague. The If there are more than two parties agree that to any and all Disputes that are submitted dispute, each of the parties thereto will work together in good faith to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactionsappoint three arbitrators. If the parties are unable to agree on an arbitratorsuch arbitrators with fifteen (15) days, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings three arbitrators shall be confidential. Neither party shall disclose any information about the evidence produced appointed by the other Secretary General of the Permanent Court of Arbitration at the Hague upon the request of any party to the dispute. No arbitrator shall be a present employee or agent of, or consultant or counsel to, any party or any Affiliate of any party.
(f) Each arbitration shall be conducted in Kathmandu, Nepal, and the arbitration proceedings, except parties agree to exclude any right of application to any court or tribunal of competent jurisdiction in connection with any question of law arising in the course of judicial, regulatory, any arbitration in connection with this Agreement.
(g) The language to be used and all written documents provided in each arbitration shall be English.
(h) Any decision or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, award of a party shall give the other party reasonable advance written notice majority of the intended disclosure and an opportunity arbitral tribunal appointed pursuant to prevent disclosure. Any award issued as a result of such arbitration this Section 11.4 shall be final and binding between upon the parties thereto parties. The Agent, the Trustee and shall be enforceable the Company each waives to the extent permitted by law any rights to appeal or any review of such award by any court having jurisdiction over the party against whom enforcement is soughtor tribunal of competent jurisdiction. By entering into this AgreementThe Agent, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury Trustee and waive the right of appeal, and instead of relying on said rights, Company each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued judgment upon any arbitration award may be entered into by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy thereof.
(i) All arbitration awards shall be in addition to all other remedies set forth denominated in the Agreement currency to which such dispute relates, Dollars, Deutsche Marks or as set forth hereinRupees. The parties further agrees that they will not assert as Interest on the amount to be paid in accordance with the arbitration award at a claim or defense in any action or proceeding rate equal to enforce any provision hereof that seven percent (7%) per annum shall be due and payable to the other prevailing party has or had an adequate remedy at lawfrom the date on which the matter was first submitted to arbitration up to and including the date of payment.
Appears in 1 contract
Samples: Nepal Agency and Retention Agreement (Panda Global Holdings Inc)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Section 5 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Essex County, New Jersey or Wilmington, Delaware (collectively, the “Chosen Courts”) and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction.
9.3 Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party's agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.4 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesEssex County, California New Jersey or Wilmington, Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys' fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 1 contract
Samples: Employment Agreement (Harland Clarke Holdings Corp)
Governing Law; Dispute Resolution. A. (a) This Agreement and all claims or causes of action (whether in contract, tort or otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement, shall be interpreted, construed, performed and enforced in accordance with the Laws of the State of New York without giving effect to its principles or rules of conflict of laws to the extent such principles or rules would require or permit the application of the Laws of another jurisdiction, except that the following matters arising out of or relating to this Agreement shall be governed by and construed in accordance with the laws of the State British Virgin Islands in respect of Californiawhich the parties hereto hereby irrevocably submit to the nonexclusive jurisdiction of the courts of the British Virgin Islands: the Merger, without giving effect the vesting of the undertaking, property and liabilities of the Company in the Surviving Company, the cancellation of any Shares, the issuance of any ordinary shares of the Surviving Company, the rights provided for in Section 179 of the BVI Companies Act with respect to any principles Dissenting Shares, the fiduciary or rules regarding conflicts of laws (either other duties of the State of California or any other jurisdiction) that would cause Company Board and the application directors of the law Parent and the internal corporate affairs of any other jurisdiction other than the State of CaliforniaCompany.
B. (b) In the event of any dispute or controversy arising arises among the parties out of or in any way related relation to this Agreement, the matters referred to hereinincluding any dispute regarding its existence, interpretation, performance, breach, termination or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”)validity, the parties will shall attempt in good faith the first instance to resolve such dispute through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Disputefriendly consultations. If the Dispute is any dispute has not been resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place friendly consultations within thirty (30) calendar days after any party has served written notice on the other parties requesting the commencement of such consultations, then any party may demand that the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved dispute be finally settled by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules following provisions of this Section 9.09(b). The arbitration shall be conducted by the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with the Hong Kong International Arbitration Centre Administered Arbitration Rules in force when a notice of arbitration is submitted. The seat and venue of the American Arbitration Association arbitration shall be Hong Kong and the language of the arbitration shall be English. The appointing authority shall be the HKIAC. There shall be three (“AAA”)3) arbitrators. One (1) arbitrator shall be nominated by the Company and one (1) arbitrator shall be nominated by Parent. If either the Company or Parent shall abstain from nominating their arbitrator, the HKIAC shall appoint such arbitrator. The two (2) arbitrators so chosen shall select a third (3rd) arbitrator; provided that if such two (2) arbitrators shall fail to choose a third (3rd) arbitrator within thirty (30) days after such two (2) arbitrators have been selected, the HKIAC, upon the request of any party, shall appoint a third (3rd) arbitrator. The third (3rd) arbitrator shall be the presiding arbitrator. The parties agree that any and all Disputes that are submitted to arbitration award rendered in accordance with the provisions of this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration Section shall be final and binding between upon them, and the parties thereto and shall further agree that such award may be enforceable enforced by any court having jurisdiction over the party against whom enforcement is soughtwhich the award has been rendered or the assets of such party wherever the same may be located. By entering into this AgreementIn any arbitration proceeding, any legal proceeding to enforce any arbitration award and in any other legal proceeding among the parties are waiving their constitutional right pursuant to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect relating to this Agreement, each party expressly waives the defense of sovereign immunity and any other defense based on the fact or allegation that this clause shall be grounds for dismissal it is an agency or instrumentality of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the a sovereign state or federal courts sitting in the County of Los Angelesis otherwise entitled to immunity.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: Merger Agreement (China Zenix Auto International LTD)
Governing Law; Dispute Resolution. A. 15.4.1 This Agreement, and any disputes between the Parties related to or arising out of this Agreement, including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement shall (each a “Dispute”), will be governed by and construed in accordance with the laws of the State of California, New York without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 15.4.2 In the event of any dispute Dispute, a Party may notify the other Party in writing of such Dispute, and the Parties will try to settle such Dispute amicably between themselves. If the Parties are unable to resolve the Dispute within *** Business Days of receipt of the written notice by the other Party, such Dispute will be referred to the Chief Executive Officers of each of the Parties (or controversy arising out their respective designees) who will use their good faith efforts to resolve the Dispute within *** Business Days after it was referred to the Chief Executive Officers.
15.4.3 Any Dispute that is not resolved as provided in Section 15.4.2, whether before or after termination of or in any way related to this Agreement, will be resolved by litigation in the matters referred to hereincourts of competent jurisdiction located in New York, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such DisputeNew York. Either party may initiate negotiations of any Dispute by providing written notice Each Party hereby agrees to the other party, setting forth the subject of the Dispute. The recipient exclusive jurisdiction of such notice will respond in writing within ten (10) calendar days with a statement of its position on courts and recommended solution waives any objections as to the Dispute. If the Dispute is not resolved by this exchange personal jurisdiction or venue of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Disputesuch courts.
C. If 15.4.4 Notwithstanding the foregoing, nothing in this Section 15.4 (Governing Law; Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1Resolution) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional limit either Party’s right to have any Disputes decided seek immediate temporary injunctive or other temporary equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appealcompetent jurisdiction. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, and instead of relying on said rightsWHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK ***, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
Appears in 1 contract
Samples: Collaboration and License Agreement (Pozen Inc /Nc)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the internal laws of the State of California, Delaware without giving effect to any principles choice or rules regarding conflicts conflict of laws law provision or rule (either whether of the State of California Delaware or any other jurisdiction).
(b) that would cause the application of the law If any dispute, claim or controversy of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy nature arising out of or in any way related relating to this Agreement, the matters referred to hereinincluding any action or claim based on equity, tort, contract or statute, or concerning the Products to be supplied by Supplier pursuant to interpretation, effect, termination, validity, performance or breach of this Agreement (each, a “Dispute”), arises between the parties will attempt in and the parties cannot resolve such Dispute through good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other partydiscussions, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of a written request by either ABS or Parent to the date other party (“Notice of Dispute”), either ABS or Parent may refer the Dispute to the Chief Executive Officer of ABS (or an executive officer of ABS designated by the Chief Executive Officer of ABS who has the power and authority to resolve such matter) and the Chief Executive Officer of Parent (or an executive officer of Parent designated by the Chief Executive Officer of Parent who has the power and authority to resolve such matter) (collectively, the “Executive Officers”) for resolution. Each of ABS and Parent, within five (5) Business Days after a party has received such written request from the other party to so refer such Dispute, shall notify the other party in writing of the initial notice Executive Officer to whom such dispute is referred. If, after an additional sixty (60) days after the Notice of Dispute, such Executive Officers have not succeeded in order to exchange relevant information and perspectivesnegotiating a resolution of the Dispute, and a party wishes to attempt to resolve pursue the Dispute.
C. If the Dispute is not resolved by these negotiationsmatter, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance then either party may initiate legal proceedings with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration respect thereto in accordance with this Section 8.10.
(c) With respect to any Dispute, each of the parties: (i) irrevocably consents to the exclusive jurisdiction and venue in the Delaware Court of Chancery within the State of Delaware (or, if the Delaware Court of Chancery declines to accept jurisdiction over a particular matter, any court of the United States located in the State of Delaware, or, if any such court of the United States located in the State of Delaware declines to accept jurisdiction over a particular matter, any state court located in the State of Delaware); (ii) agrees not to commence any legal proceedings relating to or arising out of this Agreement or the transactions contemplated hereby in any jurisdiction or courts other than as provided in this Section 8.10; (iii) waives its right to a jury trial; (iv) agrees that process shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other served upon such party in the arbitration proceedingsmanner set forth in Section 8.02, except and that service in such manner shall constitute valid and sufficient service of process; and (v) waives and covenants not to assert or plead any objection that such party might otherwise have to such jurisdiction, venue or process, including that any suit or proceeding brought in any such court has been brought in an inconvenient forum. Notwithstanding the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentenceforegoing, a party shall give the other party reasonable advance written notice will be entitled to seek enforcement of the intended disclosure and an opportunity a judgment entered pursuant to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by this Section 8.10 in any court having competent jurisdiction over the party against whom thereof where enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelesdeemed necessary.
D. Each (d) Notwithstanding the foregoing, any Excluded Claim may be submitted by any party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent over such Excluded Claim. As used in this Section 10.10, the term “Excluded Claim” means any dispute, controversy or curtail claim that concerns (i) the validity, enforceability or infringement of any such breachpatent, trademark or copyright, or threatened breach(ii) any antitrust, and to specific performance of any covenant contained hereinanti-monopoly or competition law or regulation, in each case without the proof of actual damage whether or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.statutory
Appears in 1 contract
Samples: Merger Agreement (Erasca, Inc.)
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed and enforced in accordance with the laws of the State Commonwealth of CaliforniaVirginia, without giving effect regard to any principles or rules regarding conflicts choice of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of Californiaprovisions.
B. In (b) The State or Federal Courts located within the event Commonwealth of Virginia shall have exclusive jurisdiction over any dispute and all disputes between the Parties, whether in law or controversy equity, arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant relating to this Agreement (eachand the agreements, a “Dispute”), instruments and documents contemplated hereby and the parties will attempt in good faith Parties consent to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice and agree to submit to the other party, setting forth the subject jurisdiction of such courts. Each of the DisputeParties hereby waives and agrees not to assert in any such dispute, to the fullest extent permitted by applicable Law, any claim that: (i) such Party is not personally subject to the jurisdiction of such courts; (ii) such Party and such Party's property is immune from any legal process issued by such courts; or (iii) any litigation or other proceeding commenced in such courts is brought in an inconvenient forum. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties Parties hereby agree that mailing of process or other papers in connection with any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge such Action or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party proceeding in the arbitration proceedings, except manner provided in the course of judicial, regulatory, Section 10.6 or arbitration proceeding, or in such other manner as may be demanded by government authority. Before making any disclosure permitted by the preceding sentenceLaw, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final valid and binding between the parties thereto sufficient service thereof and shall be enforceable by hereby waive any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right objections to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively service accomplished in the state or federal courts sitting in the County of Los Angelesmanner herein provided.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and(c) EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES, in the event of such breachAND AGREES TO CAUSE ITS AFFILIATES TO WAIVE, or threatened breachALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawPROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Intersections Inc)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaDelaware, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaDelaware.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Section 5 of this Agreement (a "Proceeding") shall be maintained in either the courts of the State of Delaware or the federal District Courts sitting in Wilmington, Delaware (collectively, the "Chosen Courts") and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement involves at least $100,000 and that this Agreement has been entered into in express reliance on Section 2708 of Title 6 of the Delaware Code. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Delaware, it will appoint (and maintain an agreement with respect to) an agent in the State of Delaware as such party's agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Delaware.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesWilmington, California Delaware by a single arbitrator. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys' fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 1 contract
Samples: Employment Agreement (Harland Clarke Holdings Corp)
Governing Law; Dispute Resolution. A. This (a) Resolution of any and all disputes between KCS and one or more of Sellers (each of KCS, on the one hand, and one or more of the Sellers, on the other hand, a "Dispute Party" and together, the "Dispute Parties") arising from or in connection with this Agreement (except those to be resolved pursuant to Section 10.5(e)), the Ancillary Agreements or any transactions contemplated by this Agreement or the Ancillary Agreements, whether based on contract, tort, common law, equity, statute, regulation, order or otherwise, ("Disputes") including Disputes arising in connection with claims by third persons, shall be exclusively governed by and construed settled in accordance with the laws provisions of this Section 12.11; PROVIDED, that the State foregoing shall not preclude equitable or other judicial relief to enforce the provisions hereof or to preserve the status quo pending resolution of CaliforniaDisputes hereunder.
(b) THIS AGREEMENT, without giving effect THE LEGAL RELATIONS BETWEEN THE PARTIES HERETO AND THE ADJUDICATION AND ENFORCEMENT THEREOF, SHALL BE GOVERNED BY AND INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF DELAWARE AND THE FEDERAL LAWS OF THE UNITED STATES OF AMERICA, WITHOUT REGARD TO APPLICABLE CHOICE OF LAW PROVISIONS.
(c) As to any principles or rules regarding conflicts Dispute which is not resolved in the ordinary course of laws (either of the State of California or any other jurisdiction) that would cause the application of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute or controversy arising out of or in any way related to this Agreementbusiness, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will Dispute Parties shall first attempt in good faith to promptly resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing negotiations between executives. Either of the Dispute Parties may initiate this procedure by delivery of written notice of the Dispute (the "Dispute Notice") to the other. Not later than twenty (20) days after delivery of the Dispute Notice, one executive of one of the Dispute Parties with authority to settle the Dispute shall meet with one executive of the other Dispute Party with authority to settle the Dispute at a reasonably acceptable time and place, and thereafter as such executives shall deem reasonably necessary. The executives shall exchange relevant information and endeavor to resolve the Dispute. Prior to any such meeting, each Dispute Party's executive shall advise the other as to any individuals who will attend such meeting with the executive. All negotiations pursuant to this Section 12.11(c) shall be confidential and shall be treated as compromise negotiations for purposes of Rule 408 of the Federal Rules of Evidence and similarly under other local or foreign rules of evidence.
(d) Each Dispute Party hereby agrees to submit all Disputes not resolved pursuant to Section 12.11(c) to final and binding arbitration in New York, New York. Either Dispute Party may initiate such arbitration by delivery of a demand therefor (the "Arbitration Demand") to the other party, setting forth Dispute Party not sooner than sixty (60) days after the subject date of delivery of the Dispute. The recipient Dispute Notice but promptly thereafter; PROVIDED, that if a Dispute Party rejects participation in the procedures provided under Section 12.11(c), the other Dispute Party may initiate arbitration at such earlier time as such rejection shall become reasonably apparent, and, whenever arbitration is initiated, may seek recovery of any damages or expenses arising from such notice will respond rejection, including attorney's fees and expenses, Arbitration Costs (as defined below) in writing connection with arbitration hereunder.
(i) Three (3) Arbitrators shall be appointed (the "Arbitrators"), one of whom shall be appointed by KCS, one by TMM, and the third of whom, who shall act as the chairman of the arbitral tribunal, shall be appointed by the first two (2) Arbitrators within ten (10) calendar days with a statement Business Days of its position on and recommended solution to the Disputefirst two (2) Arbitrators confirmation by the American Arbitration Association. Each Party agrees that Sellers shall be considered jointly as one side for the purposes of constitution of the arbitration tribunal hereunder. If either Dispute Party fails to appoint an Arbitrator within ten (10) Business Days of a request in writing by the other Dispute is Party to do so or if the first two Arbitrators cannot resolved agree on the appointment of the third Arbitrator within ten (10) Business Days of their confirmation by this exchange of correspondencethe American Arbitration Association, then representatives of each party such Arbitrator shall be appointed by the American Arbitration Association in accordance with full settlement authority will meet at its Commercial Arbitration Rules. As soon as the arbitration tribunal has been convened, a mutually agreeable time and place hearing date shall be set within thirty fifteen (3015) calendar days of thereafter; PROVIDED, that the Arbitrators may extend the date of the initial notice hearing upon request of any Dispute Party to the extent necessary to insure that such Dispute Party is given a reasonable period of time to prepare for the hearing. Written submittals in order the English language shall be presented and exchanged by both Dispute Parties five (5) Business Days before the hearing date. At such time the Dispute Parties shall also exchange copies of all documentary evidence upon which they will rely at the arbitration hearing and a list of the witnesses whom they intend to exchange relevant information call to testify at the hearing. The Arbitrators shall make their determination as promptly as practicable after conclusion of the hearing.
(ii) The arbitration shall be conducted in the English language pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Notwithstanding the foregoing, (A) each Dispute Party shall have the right to audit the books and perspectivesrecords of the other Dispute Party that are reasonably related to the Dispute; (B) each Dispute Party shall provide to the other, reasonably in advance of any hearing, copies of all documents which a Dispute Party intends to present in such hearing; (C) all hearings shall be conducted on an expedited schedule; and (D) all proceedings shall be confidential, except that either Dispute Party may at its expense make a stenographic record thereof.
(iii) The Arbitrators shall endeavor to complete all hearings not later than one hundred twenty (120) days after their tribunal has been convened, and shall make a final award as promptly as practicable thereafter. Such award shall be communicated, in writing, by the Arbitrators to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiationsParties, such Dispute and shall be settled exclusively by final contain specific findings of fact and binding arbitration in Los Angeles, California conclusions of law in accordance with the then current rules governing law set forth in Section 12.11(b) of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureAgreement. Any award issued as a result of such arbitration Arbitrators shall be final and binding between upon the parties thereto Parties to this Agreement and shall not be enforceable attacked by any of the Parties to this Agreement in any court of law and may be enforced in any court having jurisdiction, including expressly the courts of the State of New York, United States of America, and the courts of the Federal District of Mexico. Any such award shall include appropriate instructions to the Escrow Agent under the Closing Escrow Agreement. The Arbitrators shall apportion all costs and expenses of the arbitration, including the Arbitrators' fees and expenses, fees and expenses of experts and fees and expenses of translators ("Arbitration Costs") between the prevailing and non-prevailing Dispute Party as the Arbitrators shall deem fair and reasonable. In circumstances where (A) a Dispute has been asserted or defended against on grounds that the Arbitrators deem manifestly unreasonable, or (B) the non-prevailing Dispute Party has rejected participation in procedures under Section 12.11(c), the Arbitrators may assess all Arbitration Costs against the non-prevailing Dispute Party and may include in the award the prevailing Dispute Party's attorney's fees and expenses in connection with any and all proceedings under this Section 12.11. Notwithstanding the foregoing, in no event may the Arbitrators award multiple or punitive damages.
(e) Pursuant to an agreement of the Parties hereto or a judicial determination that a Dispute is not subject to final and binding arbitration as set forth in Section 12.11, KCS and each of Sellers irrevocably agrees that any legal action or proceeding against it with respect to this Agreement and any transaction contemplated by this Agreement shall be brought only in the courts of the State of New York, or of Federal courts of the United States of America sitting in New York, and by execution and delivery of this Agreement, KCS and each of Sellers irrevocably submits to the venue and jurisdiction over of each such court and irrevocably waives any objection or defense such Party may have to venue or personal jurisdiction in any such court for the party against whom enforcement is sought. By entering into purpose of resolving any claim, dispute, cause of action arising out of or related to this Agreement (including any claim that the suit or action has been brought in an inconvenient forum and any right to which it may become entitled on account of place of residence or domicile), the alleged breach of this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court enforcement of law or before a jury and waive the right terms of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, the Acquisition, the Ancillary Agreements and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary terms contemplated hereby and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrainedthereby. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense A final judgment in any suit, action or proceeding shall be conclusive and may be enforced in any court where jurisdiction over the Parties may be had or in which the Parties are subject to enforce service of process.
(f) Each of the Parties irrevocably appoints CT Corporation (the "Process Agent"), at 111 Eighth Avenue, New York, New York 10011 (212-894-8940), xxxxxxxxxxxx, xx xxx xxxxx xxx xxxx xxx xxxxxx attorney-in-fact in its name, place and stead to accept on behalf of each of the Parties and their respective properties and revenues, service of copies of the summons and complaint and any provision hereof other process which may be served in any such suit, action or proceeding brought in the State of New York, and each of the Parties hereto agrees that failure of the other party has Process Agent to give any notice of any such service of process to any of the Parties hereto shall not impair or had an adequate remedy at lawaffect the validity of such service or the enforcement of any judgment based thereon.
Appears in 1 contract
Governing Law; Dispute Resolution. A. 17.5.1. This Agreement, and any disputes between the Parties related to or arising out of this Agreement, including the Parties’ relationship created hereby, the negotiations for and entry into this Agreement, its conclusion, binding effect, amendment, coverage, termination, or the performance or alleged non-performance of a Party of its obligations under this Agreement (each a “Dispute”), shall be governed by and construed in accordance with the laws of the State of California, New York without giving effect reference to any choice of law principles or rules regarding conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause the application of the law laws of any other jurisdiction other than the State of Californiaa different jurisdiction.
B. 17.5.2. In the event of any dispute or controversy arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (eachDispute, a “Dispute”), Party may notify the parties will attempt other Party in good faith to resolve through negotiation writing of such Dispute. Either party may initiate negotiations of any , and the Parties shall try to settle such Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Disputeamicably between themselves. If the Parties are unable to resolve the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of receipt of the date of written notice by the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiationsother Party, such Dispute shall be settled exclusively by final and binding arbitration in Los Angelesreferred to, California in accordance with respect to POZEN, the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement shall be decided by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA Chief Executive Officer and with one another in selecting respect to Licensee, the arbitrator U.S. Head of CV and in scheduling Specialty Care PCU or the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings delegate of such person or such other executive as Licensee may designate, who shall be confidential. Neither party shall disclose any information about use their good faith efforts to resolve the evidence produced by the other party in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosureDispute within thirty (30) days after it was so referred.
17.5.3. Any award issued Dispute that is not resolved as a result provided in Section 17.5.2, whether before or after termination of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, shall be resolved by litigation in the parties are waiving their constitutional courts of competent jurisdiction located in New York, New York. Each Party hereby agrees to the exclusive jurisdiction of such courts and waives any objections as to the personal jurisdiction or venue of such courts. 17.5.4. Notwithstanding the foregoing, nothing in this Section 17.5 (Governing Law; Dispute Resolution) shall limit either Party’s right to have any Disputes decided seek immediate temporary injunctive or other temporary equitable relief whenever the facts or circumstances would permit a Party to seek such relief in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angelescompetent jurisdiction.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at law.
Appears in 1 contract
Samples: License and Collaboration Agreement (Pozen Inc /Nc)
Governing Law; Dispute Resolution. A. This 9.1 It is the intent of the parties hereto that all questions with respect to the construction of this Agreement and the rights and liabilities of the parties hereunder shall be governed by and construed determined in accordance with the laws of the State of CaliforniaNevada, without giving effect regard to any principles or rules regarding of conflicts of laws (either of the State of California or any other jurisdiction) thereof that would cause call for the application of the substantive law of any other jurisdiction other than the State of CaliforniaNevada.
B. In 9.2 Each party irrevocably agrees for the event exclusive benefit of the other that any and all suits, actions or proceedings relating to Sections 5, 6 or 7 of this Agreement (a “Proceeding”) shall be maintained in either the courts of the State of Nevada or the federal Xxxxxxxx Xxxxxx sitting in Las Vegas, Nevada (collectively, the “Chosen Courts”), applying the law of the State of Nevada without regard to principles of conflicts of law, and that the Chosen Courts shall have exclusive jurisdiction to hear and determine or settle any such Proceeding and that any such Proceedings shall only be brought in the Chosen Courts. Each party irrevocably waives any objection that it may have now or hereafter to the laying of the venue of any dispute Proceedings in the Chosen Courts and any claim that any Proceedings have been brought in an inconvenient forum and further irrevocably agrees that a judgment in any Proceeding brought in the Chosen Courts shall be conclusive and binding upon it and may be enforced in the courts of any other jurisdiction. Each of the parties hereto agrees that this Agreement has been entered into in express reliance on Section 104.5116 of Title 8 of the Nevada Revised Statutes. Each of the parties hereto irrevocably and unconditionally agrees (i) that, to the extent such party is not otherwise subject to service of process in the State of Nevada, it will appoint (and maintain an agreement with respect to) an agent in the State of Nevada as such party’s agent for acceptance of legal process and notify the other parties hereto of the name and address of said agent, (ii) that service of process may also be made on such party by pre-paid certified mail with a validated proof of mailing receipt constituting evidence of valid service sent to such party at the address set forth in Section 8 of this Agreement, as such address may be changed from time to time pursuant hereto, and (iii) that service made pursuant to clause (i) or (ii) above shall, to the fullest extent permitted by applicable law, have the same legal force and effect as if served upon such party personally within the State of Nevada or within any other State as required by applicable law.
9.3 Any controversy or claim arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to any other provision of this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final final, binding and binding non-appealable arbitration in Los AngelesLas Vegas, California Nevada by a single arbitrator applying the law of the State of the Nevada without regard to principles of conflicts of law. Subject to the following provisions, the arbitration shall be conducted in accordance with the then current applicable rules of JAMS then in effect. Any award entered by the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance with this Agreement arbitrator shall be decided final, binding and nonappealable and judgment may be entered thereon by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings either party in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither party shall disclose any information about the evidence produced by the other party law in the arbitration proceedings, except in the course of judicial, regulatory, or arbitration proceeding, or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into this Agreement, the parties are waiving their constitutional right to have any Disputes decided in a court of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve any disputes between them with respect to this Agreement, and that this clause shall be grounds for dismissal of any court action commenced by with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration award and actions seeking equitable, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall be resolved exclusively in the state or federal courts sitting in the County of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event of such breach, or threatened breach, the breaching party agrees that the other party will have available the right to preliminary and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may jurisdiction. This arbitration provision shall be effectively restrainedspecifically enforceable. The parties agree that arbitrator shall have no authority to modify any provision of this Agreement or to award a remedy for a dispute involving this Agreement other than a benefit specifically provided under or by virtue of the Agreement. Each party shall be in addition responsible for its own expenses relating to all other remedies set forth in the Agreement conduct of the arbitration or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that litigation (including reasonable attorneys’ fees and expenses) and shall share the other party has or had an adequate remedy at lawfees of JAMS and the arbitrator, if applicable, equally.
Appears in 1 contract
Governing Law; Dispute Resolution. A. (a) This Agreement shall be governed by and construed in accordance with the laws of the State of California, without giving effect to any New York (regardless of the laws that might otherwise govern under applicable principles or rules regarding of conflicts of laws law).
(either b) Each of the State of California Company, Deutsche Telekom AG and the Selling Stockholder irrevocably consents and agrees that any legal action, suit or proceeding by the Underwriters or any other jurisdiction) that would cause the application person controlling any of the law of any other jurisdiction other than the State of California.
B. In the event of any dispute Underwriters (a "Specified Party") with respect to their rights, obligations or controversy liabilities under or arising out of or in any way related to this Agreement, the matters referred to herein, or the Products to be supplied by Supplier pursuant to this Agreement (each, a “Dispute”), the parties will attempt in good faith to resolve through negotiation such Dispute. Either party may initiate negotiations of any Dispute by providing written notice to the other party, setting forth the subject of the Dispute. The recipient of such notice will respond in writing within ten (10) calendar days with a statement of its position on and recommended solution to the Dispute. If the Dispute is not resolved by this exchange of correspondence, then representatives of each party with full settlement authority will meet at a mutually agreeable time and place within thirty (30) calendar days of the date of the initial notice in order to exchange relevant information and perspectives, and to attempt to resolve the Dispute.
C. If the Dispute is not resolved by these negotiations, such Dispute shall be settled exclusively by final and binding arbitration in Los Angeles, California in accordance with the then current rules of the American Arbitration Association (“AAA”). The parties agree that any and all Disputes that are submitted to arbitration in accordance connection with this Agreement shall be decided brought by one (1) neutral arbitrator who is a retired judge or attorney licensed to practice law in California with at least fifteen (15) years of experience in complex commercial transactions. If the parties are unable to agree on an arbitrator, AAA shall designate the arbitrator. The parties will cooperate with AAA and with one another in selecting the arbitrator and in scheduling the arbitration proceedings in accordance with applicable AAA procedures. All arbitration proceedings shall be confidential. Neither such party shall disclose any information about the evidence produced by the other party only in the arbitration proceedingsUnited States District Court for the Southern District of New York or, except in the course event (but only in the event) such court does not have subject matter jurisdiction over such action, suit or proceeding, in the courts of judicialthe State of New York sitting in the Borough of Manhattan, regulatoryNew York City, and each of the Company, Deutsche Telekom and the Selling Stockholder hereby irrevocably waives any claim that such proceeding has been brought in an inconvenient forum and irrevocably accepts and submits to the jurisdiction of each of the aforesaid courts in personam, with respect to any such action, suit or proceeding (including, without limitation, claims for interim relief, counterclaims, actions with multiple defendants and actions in which such party is impled), it being understood that this provision inures to the benefit only of Specified Parties and no third parties. Each of the Underwriters, the Company, Deutsche Telekom AG and the Selling Stockholder hereto irrevocably and unconditionally waives any right that it may have to a jury trial in any legal action, suit or proceeding with respect to, or arbitration proceeding, arising out of or as may be demanded by government authority. Before making any disclosure permitted by the preceding sentence, a party shall give the other party reasonable advance written notice of the intended disclosure and an opportunity to prevent disclosure. Any award issued as a result of such arbitration shall be final and binding between the parties thereto and shall be enforceable by any court having jurisdiction over the party against whom enforcement is sought. By entering into in connection with this Agreement. Each of Deutsche Telekom AG and the Selling Stockholder hereby irrevocably designates CT Corporation System (in such capacity, the parties are waiving their constitutional right "Process Agent"), with an office at 000 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, as its designee, appointee and agent to have any Disputes decided in a court receive, for and on its behalf service of law or before a jury and waive the right of appeal, and instead of relying on said rights, each party is solely and knowingly accepting the use of arbitration as a means of resolution of any Disputes. The prevailing party process in such arbitration shall be awarded its costs and reasonable attorneys’ fees. The parties agree that this clause has been included to rapidly and inexpensively resolve jurisdiction in any disputes between them legal action or proceedings with respect to this Agreement, and that this clause such service shall be grounds for dismissal deemed complete upon delivery thereof to the Process Agent, provided that in the case of any court such service upon the Process Agent, the party effecting such service shall also deliver a copy thereof to Deutsche Telekom AG and the Selling Stockholder in the manner provided in Section 14. Each of Deutsche Telekom AG and the Selling Stockholder hereby confirm that they have paid in full the fee charged by the Process Agent to act as such for the five year period beginning on the date hereof and each shall take all such action commenced as may be necessary to continue said appointment in full force and effect or to appoint another agent so that Deutsche Telekom AG and the Selling Stockholder will at all times during such period have an agent for service of process for the above purposes in New York, New York. In the event of the transfer of all or substantially all of the assets and business of the Process Agent to any other corporation by consolidation, merger, sale of assets or otherwise, such other corporation shall be substituted hereunder for the Process Agent with respect the same effect as if named herein in place of CT Corporation System. Each of the Company, Deutsche Telekom AG and the Selling Stockholder further irrevocably consents to the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered airmail, postage prepaid, to such party at its address set forth in this Agreement, other than post-arbitration actions seeking with copies to enforce an arbitration award and actions seeking equitablecounsel as specified under Section 14, injunctive or other similar relief in accordance with Paragraph 11D hereof, which shall such service of process to be resolved exclusively in the state or federal courts sitting in the County effective upon acknowledgment of Los Angeles.
D. Each party agrees that a breach of its obligations under Paragraph 14 will result in irreparable harm to the other party and, in the event receipt of such breachregistered mail. Nothing herein shall affect the right of the Underwriters or any person controlling the Underwriters to serve process in any other manner permitted by applicable law. Each of the Company, or threatened breachDeutsche Telekom AG, the breaching party agrees Underwriters and the Selling Stockholder expressly acknowledges that the other party will have available foregoing waivers are intended to be irrevocable under the right to preliminary laws of the State of New York and permanent injunctive relief and other equitable relief issued by any court of competent jurisdiction to prevent or curtail any such breach, or threatened breach, and to specific performance the United States of any covenant contained herein, in each case without the proof of actual damage or any bond or similar security being posted, in order that the breach, or threatened breach, of such provisions may be effectively restrained. The parties agree that this remedy shall be in addition to all other remedies set forth in the Agreement or as set forth herein. The parties further agrees that they will not assert as a claim or defense in any action or proceeding to enforce any provision hereof that the other party has or had an adequate remedy at lawAmerica.
Appears in 1 contract
Samples: Underwriting Agreement (Sprint Corp)