Common use of Initial Remedies Clause in Contracts

Initial Remedies. If a Party is in default, the non-defaulting Party may: a. Cancel this Agreement; or b. Attempt to negotiate a settlement to the default with the defaulting Party. If there is no informal settlement, the Parties agree to non-binding mediation under the rules of the American Arbitration Association. If there is no settlement in nonbinding mediation, the Parties agree to binding Arbitration under the rules of the American Arbitration Association as a final resolution.

Appears in 4 contracts

Samples: Kennel Warranty Agreement, Kennel Warranty, Kennel Warranty Agreement

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