Common use of Invocation of Arbitration Procedure Clause in Contracts

Invocation of Arbitration Procedure. ‌ However, in the event that the Engager has invoked the arbitration procedure provided for in Article 48:00, the Artist shall not have the right to terminate the Artist’s contract but may receive the disputed amount from the security deposited with Equity by the Engager. In this event, the Engager is not required to replenish the security deposit until the completion of the arbitration procedure.

Invocation of Arbitration Procedure. ‌ However, in the event that the Engager has invoked the arbitration procedure provided for in Article 48:00, the Artist shall not have the right to terminate the Artist’s contract but may receive the disputed amount from the security deposited with Equity by the Engager. In this event, the Engager is not required to replenish the security deposit until the completion of the arbitration procedure.

Invocation of Arbitration Procedure. ‌ However, in the event that the Engager has invoked the arbitration procedure provided for in Article 48:00, the Artist shall not have the right to terminate the Artist’s contract but may receive the disputed amount from the security deposited with Equity by the Engager. In this event, the Engager is not required to replenish the security deposit until the completion of the arbitration procedure.procedure.‌