Unresolved Dispute definition
Examples of Unresolved Dispute in a sentence
Each Unresolved Dispute must be narrowly defined by the complaining Party and included within the notice of arbitration.
Each Arbitrator shall be independent and shall be an attorney or retired judge with at least ten (10) years’ experience in the relevant area of the Unresolved Dispute.
Any Unresolved Dispute between the Parties arising out of or relating to this Agreement that cannot be resolved by the procedures set forth in Section 13.1 shall be resolved (subject to Section 13.6) solely by means of confidential binding arbitration conducted pursuant to the rules of JAMS (f/k/a Judicial Arbitration and Mediation Services, Inc.) then in effect except as they may be modified herein or by later agreement of the Parties.
It is the intent of the Parties that the Arbitrator shall use his or her best efforts to issue the final award or awards within 90 days after his or her appointment, unless the complexity of an Unresolved Dispute reasonably requires additional time for a fair resolution, as determined by the Arbitrator.
If by the 15th day following the Resolution Failure Date Seller and Buyer have been unable to settle an Unresolved Dispute the obligations of Seller and Buyer in this Section 18 will terminate with respect to the Unresolved Dispute.
An Unresolved Dispute arising within the United States of America shall be settled by binding arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association (“AAA”), and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
After the 20 Business Days period following hire, the Referee shall render its opinion as to the Unresolved Dispute Items and shall submit to both individuals a written determination of such Unresolved Dispute Items.
The determination of the Referee shall, with respect to such Unresolved Dispute Items, be final, conclusive, binding and non-appealable.
For any Unresolved Dispute that involves a claim by either Party that the other Party has breached its diligence obligations under the Agreement, the arbitrators of such Unresolved Dispute will, under the arbitration conducted under Section 13.2, determine if such other Party materially breached such diligence obligations.
If by the fifteenth (15th) Business Day following the Resolution Failure Date, the Parties have been unable to settle an Unresolved Dispute, the obligations of the Parties in this Article XI shall terminate with respect to such Unresolved Dispute.