Common use of Procedure for dispute resolution Clause in Contracts

Procedure for dispute resolution. The parties agree to resolve any dispute arising from the interpretation or performance of the present agreement by common consent. In case that the dispute could not be solved that way, it will be resolved by arbitration of a technical commission formed by three members. Each party will designate a member of the arbitration commission and the third member will be agreed by both parties.

Procedure for dispute resolution. The parties agree to resolve any dispute arising from the interpretation or performance of the present agreement by common consent. In case that the dispute could not be solved that way, it will be resolved by arbitration of a technical commission formed by three members. Each party will designate a member of the arbitration commission and both parties will agree upon the third member will be agreed by both partiesmember.

Procedure for dispute resolution. The parties agree to resolve any dispute arising from the interpretation or performance of the present agreement by common consent. In case that the dispute could not absence of an amicable settlement, disputes between the Contracting Parties shall be solved that way, it will be resolved settled by arbitration of a technical commission formed by three members. Each party will designate a member the court of the arbitration commission and country in which the third member will be agreed by both partiesproblem arose.