After friendly consultation Clause Samples

The "After friendly consultation" clause establishes that parties to an agreement will attempt to resolve disputes or disagreements through amicable discussions before pursuing formal legal remedies. In practice, this means that if a conflict arises, both sides are expected to engage in good-faith negotiations or meetings to seek a mutually acceptable solution, often within a specified timeframe. This clause helps to prevent unnecessary litigation by encouraging direct communication and collaboration, thereby saving time and resources while preserving business relationships.
After friendly consultation both Party A and Party B unanimously agree in writing to terminate the Contract.
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After friendly consultation the Buyer and the Seller entered into a one-year contract subject to the agreement as below:
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After friendly consultation the Applicant and the Issuing Bank agree that the fee for issuing a Standby Letter of Credit is 0.1% of the amount of such Standby Letter of Credit.
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After friendly consultation. Party A and Party B agree to jointly cooperate and coordinate so as to effect the transfer of the entitlement to dividends between them successfully. In order to define their mutual rights and obligations, Party A and Party B hereby agree in respect of any matter concerning the above Transfer Entitlement as follows:
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After friendly consultation both Party A and Party B may modify or supplement this Agreement, but a written agreement must be signed to take effect;
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Related to After friendly consultation

  • Consultation Between the Parties ALPS and the Fund shall regularly consult with each other regarding ALPS’ performance of its obligations under this Agreement. In connection therewith, the Fund shall submit to ALPS at a reasonable time in advance of filing with the SEC reasonably final copies of any amended or supplemented registration statement (including exhibits) under the 1933 Act and the 1940 Act; provided, however, that nothing contained in this Agreement shall in any way limit the Fund’s right to file at any time such amendments to any registration statement and/or supplements to any prospectus or statement of additional information, of whatever character, as the Fund may deem advisable, such right being in all respects absolute and unconditional.

  • Consultation 10.1 The Employer agrees to consult the Employee timeously where the exercising of its powers will have amongst others- 10.1.1 A direct effect on the performance of any of the Employee’s functions; 10.1.2 Commit the Employee to implement or to give effect to a decision made by the Employer; and 10.1.3 A substantial financial effect on the Employer. 10.2 The Employer agrees to inform the Employee of the outcome of any decisions taken pursuant to the exercise of powers contemplated in clause 12.1 as soon as is practicable to enable the Employee to take any necessary action with delay.

  • Tax Consultation Optionee understands that Optionee may suffer adverse tax consequences as a result of Optionee’s purchase or disposition of the Shares. Optionee represents that Optionee has consulted with any tax consultants Optionee deems advisable in connection with the purchase or disposition of the Shares and that Optionee is not relying on the Company for any tax advice.

  • Consultations A Party may request in writing consultations with the other Party with respect to any matter referred to in Article 174 (Scope of Application).

  • JOINT CONSULTATION 25.01 The parties acknowledge the mutual benefits to be derived from joint consultation and will consult on matters of common interest. 25.02 The subjects that may be determined as appropriate for joint consultation will be by mutual agreement of the parties. 25.03 Wherever possible, the Council shall consult with representatives of the Professional Institute at the appropriate level about contemplated changes in conditions of employment or working conditions not governed by this Agreement.