Common use of Informal Proceedings Clause in Contracts

Informal Proceedings. Prior to the initiation of formal dispute resolution procedures, the Parties shall first attempt to resolve their dispute informally. Towards that end, promptly after receipt of the Dispute Notice, the Parties, personally or through party representatives, will negotiate in good faith to resolve the Dispute. The specific format for the discussions shall be left to the discretion of the designated representatives.

Appears in 8 contracts

Samples: Securities Agreement (Scio Diamond Technology Corp), Securities Agreement (Scio Diamond Technology Corp), Subordinated Note and Warrant Purchase Agreement (First Community Corp /Sc/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!