Common use of Informal Settlement Procedures Clause in Contracts

Informal Settlement Procedures. The Parties shall attempt to settle any and all claims, disputes, controversies or differences arising between the Parties which arise out of or in relation to or in connection with this Agreement shall in the First instance be attempted to be settled as provided in Section 11.2, and if they are not settled by negotiation, they shall be resolved by binding arbitration upon written request of either Party.

Appears in 4 contracts

Samples: , and License Agreement, Development, Supply, and License Agreement (Smith Electric Vehicles Corp.), Development, Supply, and License Agreement (Smith Electric Vehicles Corp.)

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Informal Settlement Procedures. The Parties shall attempt to settle any and all claims, disputes, controversies or differences difference arising between the Parties which arise out of or in relation to or in connection with this Agreement shall in the First first instance be attempted to be settled as provided in by good faith negotiations between the Parties pursuant to Section 11.216.3, and if they are not settled by negotiation, they shall be resolved by binding arbitration upon written request of either Party.

Appears in 2 contracts

Samples: Supply Agreement (Smith Electric Vehicles Corp.), Supply Agreement (Smith Electric Vehicles Corp.)

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Informal Settlement Procedures. The Parties shall attempt to settle any and all claims, disputes, controversies or differences arising between the Parties which arise out of or in relation to or in connection with this Agreement shall in the First first instance be attempted to be settled as provided in Section 11.211.3, and if they are not settled by negotiation, they shall be resolved by binding arbitration upon written request of either Party.

Appears in 1 contract

Samples: , and License Agreement (Smith Electric Vehicles Corp.)

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