Common use of Referral of Unresolved Matters to Senior Executives Clause in Contracts

Referral of Unresolved Matters to Senior Executives. In the event that the Parties are unable to resolve a dispute within fifteen (15) days from the date such dispute is first brought to the other Party’s attention, the matter shall be referred to a senior executive of each Party to be resolved by negotiation in good faith as soon as is practicable but in no event later than thirty (30) days after referral.

Appears in 5 contracts

Samples: Option and License Agreement (Diffusion Pharmaceuticals Inc.), Exclusive License Agreement (TESARO, Inc.), Exclusive License Agreement (TESARO, Inc.)

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Referral of Unresolved Matters to Senior Executives. In the event that the Parties are unable to resolve a dispute within fifteen twenty-five (1525) days from the date such dispute is first brought to the other Party’s attention, the matter shall be referred to a senior executive of each Party to be resolved by negotiation in good faith as soon as is practicable but in no event later than thirty (30) days after referral.

Appears in 2 contracts

Samples: Exclusive License Agreement (Xenetic Biosciences, Inc.), Exclusive Sublicense Agreement (Xenetic Biosciences, Inc.)

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