Use of Third-Party Consultant for Informal Resolution of Maintenance and Repair Disputes Sample Clauses

Use of Third-Party Consultant for Informal Resolution of Maintenance and Repair Disputes. Should any dispute arise that involves Licensor’s Maintenance and Repair obligations under Paragraph 5.7.3 and that involves either individually or cumulatively in any annual period at least Seventy-Five Thousand Dollars ($75,000.00) in controversy, the Parties will jointly retain a mutually agreeable independent third-party consultant having expertise appropriate to the matters in dispute, and instruct that consultant to review the matter or matters in controversy and issue written recommendations. The costs of the consultant will be shared by the Parties on a 50/50 basis. Although the consultant’s recommendations will not be binding, the Parties will endeavor in good faith to abide by the recommendations.
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Related to Use of Third-Party Consultant for Informal Resolution of Maintenance and Repair Disputes

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