Common use of Prerequisite to Formal Proceedings Clause in Contracts

Prerequisite to Formal Proceedings. In the event that a Party determines that amicable resolution through continued negotiations of a dispute does not appear likely, such Party shall be entitled to discontinue negotiations and resolve the dispute through the dispute resolution process provided for in NRS 38. The parties hereby agree to binding arbitration.

Appears in 5 contracts

Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!