Common use of Amicable Negotiation Clause in Contracts

Amicable Negotiation. Any claims, differences or disputes arising out of or in connection with this Agreement (“Dispute”), including any question regarding its existence, validity, termination or its performance, or in connection with arrangements regarding the performance of this Agreement shall first be attempted to be settled by an amicable effort on the part of the parties, which shall include a meeting between the Presidents of both parties or their designees. An attempt to arrive at a settlement shall be deemed to have failed as soon as one of the parties so notifies the other party in writing.

Appears in 2 contracts

Sources: Assembly and Testing Services Agreement, Assembly and Test Services Agreement (Chipmos Technologies Bermuda LTD)