Common use of Amicable Settlement and Dispute Resolution Clause in Contracts

Amicable Settlement and Dispute Resolution. 17.2.1 Either party is entitled to raise any claim, dispute or difference of whatever nature arising under, out of or in connection with this Agreement or the breach, termination or invalidity of the Agreement hereof (“Dispute”) by giving a written notice (the “Dispute Notice”) to the other Party, which shall contain a) A description of the Dispute b) The grounds for such Dispute; and c) All written material in support of his claim. 17.2.2 The other Party shall, within thirty (30) days of receipt of Dispute Notice issued under Article 17.2.1, furnish: (a) Counter-claim and defenses, if any, regarding the Dispute; and (b) All written material in support of his defenses and counter claim. 17.2.3 Both the Parties shall attempt in the first instance to amicably settle the Dispute by mutual discussions between the Parties within thirty (30) days (i) from the date of receipts of counter claims or defense by the other Party as per Article 17.2.2 or