Common use of Pre-Arbitration Efforts Clause in Contracts

Pre-Arbitration Efforts. In the event of any controversy or claim arising from or relating to any provision of this Agreement, or any term or condition hereof, or the performance by a Party of its obligations hereunder, or its constructive or its actual or alleged breach, the Parties shall try to settle their differences amicably between themselves. If the representatives of the Parties are unable to reach agreement on any such issue, the issue shall be submitted for consideration, in the case of Licensee, to its General Counsel, or its designee, and in the case of GenuPro, to its General Counsel, or its designee. If such representatives are unable to agree within fourteen (14) days, then the issue shall be submitted for consideration to, in the case of Licensee, to the Chief Operating Officer, and, in the case of GenuPro, to its Chief Executive Officer. If such representatives are unable to agree within fourteen (14) days, then any disputes remaining unresolved between the Parties, except as otherwise provided in this Agreement, shall be finally resolved by binding arbitration, as set forth below.

Pre-Arbitration Efforts. In the event of any controversy or claim arising from or relating to any provision of this Agreement, or any term or condition hereof, or the performance by a Party party of its obligations hereunder, or its constructive or its actual or alleged breach, the Parties parties shall try to settle their differences amicably between themselves. If the representatives of the Parties parties are unable to reach agreement on any such issue, the issue shall be submitted for consideration, in the case of Licensee, to its General CounselChief Executive Officer, or its designee, and in the case of GenuProLicensor, to its General CounselChief Executive Officer, or its designee. If such representatives are unable to agree within fourteen (14) days, then the issue shall be submitted for consideration to, in the case of Licensee, to the Chief Operating Executive Officer, and, in the case of GenuProLicensor, to its Chief Executive Officer. If such representatives are unable to agree within fourteen (14) days, then any disputes remaining unresolved between the Partiesparties, except as otherwise provided in this Agreement, shall be finally resolved by binding arbitration, as set forth below.