Common use of Moratorium on Actions Clause in Contracts

Moratorium on Actions. Except as otherwise specifically provided in or permitted by this Agreement, all disputes, differences of opinion, or controversies arising in connection with this Agreement shall be resolved first, by the use in good faith for a period of ten (10) days, of mutual best efforts to arrive at an agreeable resolution. If, after negotiating in good faith for a period of ten (10) days, the parties are unable to agree upon a resolution of any such dispute, difference or controversy, then either party shall have the right to pursue any remedies that such party may have at law or in equity.