Common use of Laws and Dispute Resolution Clause in Contracts

Laws and Dispute Resolution. 15.1 This Agreement shall be governed by and construed in accordance with the laws of Malaysia and the Parties irrevocably submit to the exclusive jurisdiction of the courts of Malaysia. 15.2 If there is a dispute between the Parties: 15.2.1 The Parties must discuss the dispute initially with a view to settling the dispute amicably; 15.2.2 If the Parties fail to settle the dispute within THIRTY (30) days, then the Parties must refer the dispute for mediation to a person (with at least TWO (2) years of experience as a mediator in the field related to this Agreement) appointed by agreement between the Parties; 15.2.3 The Parties must co-operate to the extent necessary to enable the mediator to mediate the dispute within THIRTY (30) days of his or her appointment; 15.2.4 The fees shall be determined by the mediator and agreed by the Parties, and the amount shall be shared equally between the Parties in equal proportion; 15.2.5 In the event the Parties are unable to agree on the appointment of a mediator or an unsuccessful mediation within THIRTY (30) days after the notice by any of the Party of the dispute, the question shall be referred to litigation.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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