Common use of Negotiation of Parties Clause in Contracts

Negotiation of Parties. In the event of any dispute, claim or controversy arising out of or relating to the interpretation of any provision of this Agreement, to the performance of either party under this Agreement or to any other matter under this Agreement, including any action in tort, contract or otherwise, at equity or at law, and any claims of fraud in the inducement (a “Dispute”), either party may at any time provide the other party written notice specifying the terms of such Dispute in reasonable detail. As soon as practicable after receipt of such notice, the Chief Executive Officers of both Newco and Intact shall meet (in person or otherwise) at a mutually agreed upon time and location for the purpose of resolving such Dispute. They shall engage in good faith discussions and/or negotiations for a period of up to thirty (30) days to resolve the Dispute or negotiate an interpretation or revision of the applicable portion of this Agreement which is mutually agreeable to both parties, without the necessity of formal procedures relating thereto. During the course of such discussion and/or negotiation, the parties shall reasonably cooperate and provide information that is not materially confidential in order so that each of the parties may be fully informed with respect to the issues in Dispute.

Negotiation of Parties. In the event of any dispute, claim or controversy arising out of of, relating to or relating in any way connected to the interpretation of any provision of this Agreement, to the performance of either party PARTY under this Agreement or to any other matter under this Agreement, including any action in tort, contract or otherwise, at equity or at law, and any claims of fraud in the inducement law (a “Dispute”), either party PARTY may at any time provide the other party PARTY written notice specifying the terms of such Dispute in reasonable detail. As soon as practicable after receipt of such notice, the Chief Executive Officers of both Newco INNOVIVE and Intact SHINYAKU (“Heads”) shall meet (in person or otherwise) at a mutually agreed upon time and location for the purpose of resolving such Dispute. They The Heads shall engage in good faith discussions and/or negotiations for a period of up to thirty (30) days to resolve the Dispute or negotiate an interpretation or revision of the applicable portion of this Agreement which is mutually agreeable to both partiesPARTIES, without the necessity of formal procedures relating thereto. During the course of such discussion and/or negotiation, the parties shall reasonably cooperate and provide information that is not materially confidential in order so that each of the parties may be fully informed with respect to the issues in Dispute.

Negotiation of Parties. In the event of any dispute, claim or controversy arising out of of, relating to or relating in any way connected to the interpretation of any provision of this Agreement, to the performance of either party Party under this Agreement or to any other matter under this Agreement, including any action in tort, contract or otherwise, at equity or at law, and any claims of fraud in the inducement law (a “Dispute”"DISPUTE"), either party Party may at any time provide the other party Party written notice specifying the terms of such Dispute in reasonable detail. As soon as practicable after receipt of such notice, the Chief Executive Officers of both Newco Angiotech and Intact CombinatoRx ("HEADS") shall meet (in person or otherwise) at a mutually agreed upon time and location for the purpose of resolving such Dispute. They The Heads shall engage in good faith discussions and/or negotiations for a period of up to thirty (30) days to resolve the Dispute or negotiate an interpretation or revision of the applicable portion of this Agreement which is mutually agreeable to both partiesParties, without the necessity of formal procedures relating thereto. During the course of such discussion and/or negotiation, the parties Parties shall reasonably cooperate and provide information that is not materially confidential in order so that each of the parties Heads may be fully informed with respect to the issues in the Dispute.