Common use of SETTLEMENT OF DISPUTES AND GOVERNING LAW Clause in Contracts

SETTLEMENT OF DISPUTES AND GOVERNING LAW. 1. The Contractual Partners shall endeavour to settle disputes concerning the interpretation of this Agreement or disputes that are related to the execution of the Agreement through negotiation. Should negotiations fail, all disputes in relation to this Agreement concluded between the Contractual Partners shall be settled finally and without recourse to legal action by an arbitration panel through arbitration award duly applying the provisions hereinafter.

Appears in 12 contracts

Samples: nafta-speicher.de, nafta-speicher.de, nafta-speicher.de

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