Common use of Mediation of Unresolved Disputes Clause in Contracts

Mediation of Unresolved Disputes. Sears and Outlet Stores will attempt to resolve all Unresolved Disputes by non-binding mediation. Sears and Outlet Stores will negotiate in good faith to determine the mediator, the mediator’s compensation and related costs, and the applicable rules for the mediation. If by the 60th day following the Dispute Resolution Meeting Sears and Outlet Stores have been unable to settle an Unresolved Dispute the obligations of Sears and Outlet Stores in this Section 11 will end with respect to the Unresolved Dispute.

Appears in 2 contracts

Samples: License Agreement, License Agreement (Sears Hometown & Outlet Stores, Inc.)

AutoNDA by SimpleDocs

Mediation of Unresolved Disputes. Sears and Outlet Stores will in good faith attempt to resolve all Unresolved Disputes by non-binding mediation. Sears and Outlet Stores will negotiate in good faith to determine the mediator, the mediator’s compensation and related costs, and the applicable rules for the mediation. If by the 60th 15th day following the Dispute Resolution Meeting Failure Date Sears and Outlet Stores have been unable to settle an Unresolved Dispute the obligations of Sears and Outlet Stores in this Section 11 will end with respect to the Unresolved Dispute.

Appears in 2 contracts

Samples: License Agreement (Sears Hometown & Outlet Stores, Inc.), License Agreement (Sears Hometown & Outlet Stores, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.