Common use of Initiation of Mediation Clause in Contracts

Initiation of Mediation. The Person seeking to initiate mediation (the “Initiating Person”) must give written notice to the other Person(s) involved in the Dispute. The notice must describe in general terms the nature of the Dispute, the Initiating Person’s claim for relief and identify one (1) or more individual(s) with authority to settle the Dispute on such Initiating Person’s behalf. The Person(s) receiving such notice (the “Responding Person,” whether one (1) or more) will have fifteen (15) days within which to designate by written notice to the Initiating Person, one (1) or more individual(s) with authority to settle the Dispute on the Responding Person’s behalf. The individual(s) so designated, whether by the Initiating Person or the Responding Person, will be known as the “Authorized Individuals,” whether one (1) or more. The Initiating Person and the Responding Person will collectively be referred to as the “Disputing Persons” or individually as the “Disputing Person.” If either the Initiating Person or the Responding Person fails to name an Authorized Individual as set forth above, then such Person will serve as its own Authorized Individual, unless otherwise agreed by the Disputing Persons in writing; provided that if such Person is not an individual, then the individual with decision-making authority over the Person will serve as the Person’s Authorized Individual.