Institution of Formal Proceedings Sample Clauses

Institution of Formal Proceedings. Subject to the provisions of clauses 14.1 and 14.2, the Parties agree that either Party may elect to refer any dispute which may arise to any court with jurisdiction in South Africa or to arbitration proceedings as contemplated in clause 14.4. Upon election by a Party initiating the relevant dispute proceedings, the other Party will be bound by such election for the purposes of the dispute in question.
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Institution of Formal Proceedings. Subject to the provisions of clauses 28.1 and 28.2, the Parties agree that either Party may elect to refer any dispute which may arise to the exclusive jurisdiction of the Courts of England and Wales under the provisions of the Laws of England and Wales by initiating the relevant dispute proceedings, the other Party will be bound by such election for the purposes of the dispute in question.

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