Senior Party Negotiation Clause Samples
Senior Party Negotiation. The Partners shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement promptly by negotiation between management representatives who have authority to settle the controversy and who are at least one level above the individuals with direct responsibility for administration of this Agreement and who have been unsuccessfully involved with the dispute up to this point. Any Partner may give the other Partner written notice of any dispute not resolved in the normal course of business (“Notice of Dispute”). Within 20 days after delivery of the Notice of Dispute, the receiving Partner shall submit to the other a written response. The notice and the response shall include (a) a statement of each Partner’s position and a summary of arguments supporting that position, and (b) the name and title of the officer or executive officer who will represent that Partner and of any other individual who will accompany such officer or executive officer. Within 20 days after delivery of the disputing Partner’s Notice of Dispute, the representatives of both Partner shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All negotiations pursuant to this Section 15.8(b) are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.
Senior Party Negotiation. The Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement promptly by negotiation between management representatives who have authority to settle the controversy and who are at least one level above the persons with direct responsibility for administration of this Agreement and who have been unsuccessfully involved with the dispute up to this point. Any Party may give the other Party written notice of any dispute (“Notice of Dispute”). Within twenty (20) days after delivery of the Notice of Dispute, the receiving Party shall submit to the other a written response. The notice and the response shall include (a) a statement of each Party’s position and a summary of arguments supporting that position, and (b) the name and title of the officer or executive who will represent that Party and of any other person who will accompany such officer or executive. Within ten (10) days after delivery of the written response, the representatives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.
Senior Party Negotiation. The Buyer and Seller shall attempt in good faith to resolve any dispute arising out of or relating to this Agreement promptly by negotiation between management representatives who have authority to settle the controversy and who are at least one level above the persons with direct responsibility for administration of this Agreement and who have been unsuccessfully involved with the dispute up to this point. Buyer or Seller, as the case may be, may give the other party written notice of any dispute not resolved in the normal course of business (“Notice of Dispute”). Within twenty (20) days after delivery of the Notice of Dispute, the receiving party shall submit to the other a written response. The notice and the response shall include (a) a statement of each party’s position and a summary of arguments supporting that position, and (b) the name and title of the officer or executive who will represent that party and of any other person who will accompany such officer or executive. Within ten (10) days after delivery of the written response, the representatives of both Buyer and Seller shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.