Common use of Mutual Commitment to Good Faith Negotiations Clause in Contracts

Mutual Commitment to Good Faith Negotiations. Good faith negotiation requires a free and open exchange of views by the parties involved in the negotiations. Articles tentatively agreed to shall be initialed by each party and dated and shall be set aside subject to ratification of the agreement.

Mutual Commitment to Good Faith Negotiations. Good faith negotiation requires negotiations require a free and open exchange of views by both parties. Therefore, both parties agree to meet at reasonable times and confer, consult, discuss, exchange information, opinions and proposals, in a good faith endeavor to reach agreement on matters within the parties involved in the negotiationsscope of discussions, and incorporate such agreements into a written agreement. Articles tentatively agreed to shall Provisions of this section will not be initialed by each party and dated and shall be set aside subject to ratification of the agreementGrievance Procedure.