Step Process. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof (a “Dispute”), shall be resolved: (a) first, by negotiation and then by mediation as provided in Section 7.2; and (b) then, if negotiation and mediation fail, by binding arbitration as provided in Section 7.3. Each party agrees on behalf of itself and each member of its respective Group that the procedures set forth in this Article VII shall be the exclusive means for resolution of any Dispute. The initiation of mediation or arbitration hereunder will toll the applicable statute of limitations for the duration of any such proceedings.
Appears in 4 contracts
Samples: Master Ownership and License Agreement (Kraft Foods Group, Inc.), Master Ownership and License Agreement (Kraft Foods Group, Inc.), Master Ownership and License Agreement (Kraft Foods Group, Inc.)
Step Process. Any controversy or claim arising out of or relating to this AgreementAgreement or any Ancillary Agreements, or the breach thereof (a “Dispute”), shall be resolved: (a) first, by negotiation and then by with the possibility of mediation as provided in Section 7.2; and (b) then, if negotiation and mediation fail, by binding arbitration as provided in Section 7.3. Each party agrees on behalf of itself and each member of its respective Group that the procedures set forth in this Article VII shall be the exclusive means for resolution of any Dispute. The initiation of mediation or arbitration hereunder will toll the applicable statute of limitations for the duration of any such proceedings.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (Kraft Foods Group, Inc.), Separation and Distribution Agreement (Mondelez International, Inc.), Separation and Distribution Agreement (Kraft Foods Group, Inc.)
Step Process. Any controversy or claim arising out of or relating to this AgreementAgreement or any Other Agreements, or the breach thereof (a “Dispute”), shall be resolvedresolved by: (ai) first, by negotiation and then by mediation as provided in Section 7.2between senior executives with the possibility of mediation; and (bii) then, if negotiation and mediation fail, by then binding arbitration as provided in Section 7.3arbitration. Each party agrees on behalf of itself and each member of its respective Group that the procedures set forth in this Article VII VI shall be the exclusive means for resolution of any Dispute. The initiation of mediation or arbitration hereunder will toll the applicable statute of limitations for the duration of any such proceedings.
Appears in 2 contracts
Samples: Distribution Agreement (Altria Group, Inc.), Distribution Agreement (Philip Morris International Inc.)
