Common use of Internal Dispute Resolution Procedure Clause in Contracts

Internal Dispute Resolution Procedure. Because of the nature of the company is to generate Profits on behalf of its Members, it is imperative that one Members dispute with the manager and/or other Members is not allowed to diminish the Profits available to other Members or resources necessary to operate the Company. Xxxxxxx Homes Xxxxxxx Loans | 42 Company Operating Agreement Litigation could diversion of Company Profits to pay attorneys fees or could tie up Company funds necessary for operation of the Company, impacting the profitability of the investment for all Members. The only way to prevent such needless expense is to have a comprehensive Internal Dispute Resolution Procedure (Procedure) in place, to which each of the Members have specifically agreed in advance or membership in the Company. The Procedure described below requires an aggrieved party to make a series of steps designed to amicably resolve a dispute on terms that will preserve the interests of the Company and the other non disputing Members, before invoking a costly remedy, such as arbitration. In the event of a dispute, claim, question, or disagreement between the Members or between the Manager and one or more Members arising from or relating to this Agreement, the breach thereof, or any associated transaction, or to interpret or enforce any rights or duties under the Act (hereinafter Dispute), the Manager and Members hereby agree to resolve such Dispute by strictly adhering to the Procedure provided below. The following procedure has been adapted for purposed of this Agreement from guidelines and rules published by the American Arbitration Association (AAA):

Internal Dispute Resolution Procedure. Because of the nature of the company Company is to generate Profits on behalf of its Members, it is imperative that one Members Member’s dispute with the manager Manager and/or other Members is not allowed to diminish the Profits available to other Members or resources necessary to operate the Company. Xxxxxxx Homes Xxxxxxx Loans | 42 Company Operating Agreement Litigation could require diversion of Company Profits to pay attorneys attorney’s fees or could tie up Company funds necessary for operation of the Company, impacting the profitability of the investment for all Members. The only way to prevent such needless expense is to have a comprehensive Internal Dispute Resolution Procedure (Procedure) in place, to which each of the Members have specifically agreed in advance or of membership in the Company. The Procedure described below requires an aggrieved party to make take a series of steps designed to amicably resolve a dispute on terms that will preserve the interests of the Company and the other non non-disputing Members, before invoking a costly remedy, such as arbitration. In the event of a dispute, claim, question, or disagreement between the Members or between the Manager and one or more Members arising from or relating to this Agreement, the breach thereof, or any associated transaction, or to interpret or enforce any rights or duties under the Act (hereinafter Dispute), the Manager and Members hereby agree to resolve such Dispute by strictly adhering to the Procedure provided below. The following procedure Procedure has been adapted for purposed purposes of this Agreement from guidelines and rules published by the American Arbitration Association (AAA):): Paradyme Equities, LLC 33 Company Agreement

Internal Dispute Resolution Procedure. Because of the nature of the company Company is to generate Profits on behalf of its Members, it is imperative that one Members Member’s dispute with the manager Manager and/or other Members is not allowed to diminish the Profits available to other Members or resources necessary to operate the Company. Xxxxxxx Homes Xxxxxxx Loans | 42 Company Operating Agreement Litigation could require diversion of Company Profits to pay attorneys attorney’s fees or could tie up Company funds necessary for operation of the Company, impacting the profitability of the investment for all Members. The only way to prevent such needless expense is to have a comprehensive Internal Dispute Resolution Procedure (Procedure) in place, to which each of the Members have specifically agreed in advance or of membership in the Company. The Procedure described below requires an aggrieved party to make take a series of steps designed to amicably resolve a dispute on terms that will preserve the interests of the Company and the other non non-disputing Members, before invoking a costly remedy, such as arbitration. Paradyme Equities, LLC 33 Company Agreement In the event of a dispute, claim, question, or disagreement between the Members or between the Manager and one or more Members arising from or relating to this Agreement, the breach thereof, or any associated transaction, or to interpret or enforce any rights or duties under the Act (hereinafter Dispute), the Manager and Members hereby agree to resolve such Dispute by strictly adhering to the Procedure provided below. The following procedure Procedure has been adapted for purposed purposes of this Agreement from guidelines and rules published by the American Arbitration Association (AAA):