Examples of Dispute Statement in a sentence
Any component of the Post-Closing Statement that is not disputed in a Dispute Statement shall be final and binding on the parties hereto and not subject to appeal.
If, at any time following the commencement of any such discussions or negotiations, either Party determines such discussions or negotiations are not likely to result in a reasonable resolution of the dispute, it may send to the other Party a written statement of the issues or problems being discussed or negotiated ("Dispute Statement").
If the dispute has not been resolved within thirty (30) days after the mailing of the Dispute Statement, either Party shall have the right to serve a written demand for arbitration upon the other and thereby commence binding arbitration in accordance with the provisions set forth below.
The mailing of the Dispute Statement and the passage of thirty (30) days from the date of the mailing of such Dispute Statement shall be conditions precedent to the commencement of any arbitration proceedings hereunder.
The commencement of formal dispute resolution procedures (i.e., the delivery of a Dispute Statement), or any other action in law or equity arising out of this Agreement, may not occur more than three (3) years after the event giving rise to the dispute has occurred.