Common use of Negotiate Clause in Contracts

Negotiate. A party claiming that a dispute has arisen concerning this agreement must give notice to the other party specifying the matter in dispute. The parties will use their best endeavours to resolve the dispute by negotiation in good faith. The parties will attend at least one meeting to discuss and attempt to resolve the dispute as a condition precedent to taking any other steps concerning the dispute (including but not limited to commencing any legal proceedings other than an application for injunctive relief). The attendees at such meeting will include the Managing Director of UBS Timber Investors (or nominee) and the Chief Executive Officer of Xxxxxxxx Challenge Forests Limited (or nominee). All discussions will be without prejudice and will not be referred to in any later proceedings.

Negotiate. A party claiming that a dispute has arisen concerning this agreement must give notice to the other party specifying the matter in dispute. The parties will use their best endeavours to resolve the dispute by negotiation in and good faith. The parties will attend at least one meeting to discuss and an attempt to resolve the dispute as a condition precedent to taking any other steps concerning the dispute (including but not limited to commencing any legal proceedings other than an application for injunctive relief). The attendees at such a meeting will include the Managing Director of UBS Timber Investors (or nominee) and the Chief Executive Officer of Xxxxxxxx Challenge Forests Limited (or nominee). All discussions will be without prejudice and will not be referred to in any later proceedings.