Common use of Solution of Conflicts Clause in Contracts

Solution of Conflicts. 21st Clause- Any disagreement derived from this Contract, including the ones relative to its validity, range, interpretation, or application may be solved by arbitration, respecting the terms of First Paragraph and of the other Paragraphs below. First Paragraph- In case of disagreement, as described above any of the Parties may notify the other party, in the terms of 26th Clause, of the existence and content of the disagreement ("Disagreement Notice"). Counting from the date of the reception of the Disagreement Notice, each of the Parties shall have 5 (five) Working Days to indicate a representative to negotiate the solution to the disagreement. As soon as both Parties have indicated a delegate, and with a final deadline of 5 (five) Working days counting from the reception of the Disagreement Notice, the Parties shall have 30 (thirty) day to reach an agreement regarding the disagreement. In case a deal is not drawn within this deadline by the delegates of the Parties, the disagreement shall be subject to arbitration in the terms and conditions below, being that any of the Parties may start the process. Second Paragraph- The court of arbitration shall be composed of 3 (three) arbitrators, each of the Parties shall choose shall elect a arbitrator, the third arbitrator (who shall act as the President of the court of arbitration), being elected in agreement the two previously chosen arbitrators. In case the two arbitrators do not come to an agreement, the third arbitrator shall be indicated by the President of the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem). Third Paragraph- the court shall be located in the city of Sao Paulo and shall be administrated by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), and its rules shall be obeyed in the process, keeping the established in the Federal law n. 9,307/96. The regulation by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), valid at the date of notice foreseen in First Paragraph above, and the established in Federal Law n. 9,307/96, as altered until the same date, integrate the present Contract. All the arbitration procedures shall be performed in the Portuguese language.

Solution of Conflicts. 21st Clause- Any disagreement derived from this Contract, including the ones relative to its validity, range, interpretation, or application may be solved by arbitration, respecting the terms of First Paragraph and of the other Paragraphs below. First Paragraph- Paragraph - In case of disagreement, as described above any of the Parties may notify the other party, in the terms of 26th Clause, of the existence and content of the disagreement ("Disagreement Notice"). Counting from the date of the reception of the Disagreement Notice, each of the Parties shall have 5 (five) Working Days to indicate a representative to negotiate the solution to the disagreement. As soon as both Parties have indicated a delegate, and with a final deadline of 5 (five) Working days Days counting from the reception of the Disagreement Notice, the Parties shall have 30 (thirty) day days to reach an agreement regarding the disagreement. In case a deal is not drawn within this deadline by the delegates of the Parties, the disagreement shall be subject to arbitration in the terms and conditions below, being that any of the Parties may start the process. Second Paragraph- The court of arbitration shall be composed of 3 (three) arbitratorsreferees, each of the Parties shall choose shall elect a arbitratorreferee, the third arbitrator referee (who shall act as the President of the court of arbitration), being elected in agreement the two previously chosen arbitratorsreferees. In case the two arbitrators referees do not come to an agreement, the third arbitrator referee shall be indicated by the President of the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem). Third Paragraph- the Paragraph - The court shall be located in the city of Sao Paulo and shall be administrated by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), and its rules shall be obeyed in the process, keeping the established in the Federal law n. 9,307/96. The regulation by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), valid at the date of notice foreseen in First Paragraph above, and the established in Federal Law n. 9,307/96, as altered until the same date, integrate the present Contract. All the arbitration procedures shall be performed in the Portuguese language.

Solution of Conflicts. 21st Clause- Any disagreement derived from this Contract, including the ones relative to its validity, range, interpretation, or application may be solved by arbitration, respecting the terms of First Paragraph and of the other Paragraphs below. First Paragraph- Paragraph - In case of disagreement, as described above any of the Parties may notify the other party, in the terms of 26th 20th Clause, of the existence and content of the disagreement ("Disagreement Notice"). Counting from the date of the reception of the Disagreement Notice, each of the Parties shall have 5 (five) Working Days to indicate a representative to negotiate the solution to the disagreement. As soon as both Parties have indicated a delegate, and with a final deadline of 5 (five) Working days counting from the reception of the Disagreement Notice, the Parties shall have 30 (thirty) day days to reach an agreement regarding the disagreement. In case a deal is not drawn within this deadline by the delegates of the Parties, the disagreement shall be subject to arbitration in the terms and conditions below, being that any of the Parties may start the process. Second Paragraph- The court of arbitration shall be composed of 3 (three) arbitrators, each of the Parties shall choose shall elect a an arbitrator, the third arbitrator (who shall act as the President of the court of arbitration), being elected in agreement the two previously chosen arbitrators. In case the two arbitrators do not come to an agreement, the third arbitrator shall be indicated by the President of the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem). Third Paragraph- paragraph - the court shall be located in the city of Sao Paulo and shall be administrated by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), and its rules shall be obeyed in the process, keeping the established in the Federal law Law n. 9,307/96. The regulation by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), valid at the date of notice foreseen in First Paragraph above, and the established in Federal Law n. 9,307/96, as altered until the same date, integrate the present Contract. All the arbitration procedures shall be performed in the Portuguese language.

Solution of Conflicts. 21st Clause- Any disagreement derived from this Contract, including the ones relative to its validity, range, interpretation, or application may be solved by arbitration, respecting the terms of First Paragraph and of the other Paragraphs below. First Paragraph- Paragraph - In case of disagreement, as described above any of the Parties may notify the other party, in the terms of 26th Clause, of the existence and content of the disagreement ("Disagreement Notice"). Counting from the date of the reception of the Disagreement Notice, each of the Parties shall have 5 (five) Working Days to indicate a representative to negotiate the solution to the disagreement. As soon as both Parties have indicated a delegate, and with a final deadline of 5 (five) Working days counting from the reception of the Disagreement Notice, the Parties shall have 30 (thirty) day days to reach an agreement regarding the disagreement. In case a deal is not drawn within this deadline by the delegates of the Parties, the disagreement shall be subject to arbitration in the terms and conditions below, being that any of the Parties may start the process. Second Paragraph- The court of arbitration shall be composed of 3 (three) arbitrators, each of the Parties shall choose shall elect a arbitrator, the third arbitrator (who shall act as the President of the court of arbitration), being elected in agreement the two previously chosen arbitrators. In case the two arbitrators do not come to an agreement, the third arbitrator shall be indicated by the President of the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem). Third Paragraph- the Paragraph - The court shall be located in the city of Sao Paulo and shall be administrated by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), and its rules shall be obeyed in the process, keeping the established in the Federal law n. 9,307/96. The regulation by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), valid at the date of notice foreseen in First Paragraph above, and the established in Federal Law n. 9,307/96, as altered until the same date, integrate the present Contract. All the arbitration procedures shall be performed in the Portuguese language.

Solution of Conflicts. 21st Clause- Any disagreement derived from this Contract, including the ones relative to its validity, range, interpretation, or application may be solved by arbitration, respecting the terms of First Paragraph and of the other Paragraphs below. First Paragraph- In case of disagreement, as described above any of the Parties may notify the other party, in the terms of 26th Clause, of the existence and content of the disagreement ("Disagreement Notice"). Counting from the date of the reception of the Disagreement Notice, each of the Parties shall have 5 (five) Working Days to indicate a representative to negotiate the solution to the disagreement. As soon as both Parties have indicated a delegate, and with a final deadline of 5 (five) Working days Days counting from the reception of the Disagreement Notice, the Parties shall have 30 (thirty) day days to reach an agreement regarding the disagreement. In case a deal is not drawn within this deadline by the delegates of the Parties, the disagreement shall be subject to arbitration in the terms and conditions below, being that any of the Parties may start the process. Second Paragraph- The court of arbitration shall be composed of 3 (three) arbitrators, each of the Parties shall choose and shall elect a arbitrator, the third arbitrator (who shall act as the President of the court of arbitration), being elected in agreement the two previously chosen arbitrators. In case the two arbitrators do not come to an agreement, the third arbitrator shall be indicated by the President of the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem). Third Paragraph- the The court shall be located in the city of Sao Paulo and shall be administrated by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), and its rules shall be obeyed in the process, keeping the established in the Federal law n. 9,307/96. The regulation by the Chamber FGV Conciliation and Arbitration (Camara FGV de Conciliacao e Arbitragem), valid at the date of notice foreseen in First Paragraph above, and the established in Federal Law n. 9,307/96, as altered until the same date, integrate the present Contract. All the arbitration procedures shall be performed in the Portuguese language.