Common use of Applicable Law; Mediation and Arbitration Clause in Contracts

Applicable Law; Mediation and Arbitration. 10.1 This Agreement shall be governed by the laws of Belgium. 10.2 The Parties will attempt in good faith to resolve promptly through negotiation any disputes arising out of or relating to this Agreement. 10.3 If the Parties are not able to resolve the dispute, either Party may consider at any time, without prejudice to any other proceedings, to settle any dispute arising out of or in connection with this Agreement referring to mediation by sending a written request to the other Party. 10.4 All disputes arising out of or in connection with this Agreement shall be finally settled under the Rules of Arbitration of the Conciliation and Arbitration of the International Chamber of Commerce by 1 (one) arbitrator appointed in accordance with such Rules. The arbitration shall be held in Slovakia, if Bekaert is the requiring Party, and in Belgium, if the Student is the requiring Party and shall be conducted in English. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. Notwithstanding the foregoing, each Party shall have the right to obtain interim injunction by any court having jurisdiction.

Appears in 1 contract

Sources: Cooperation Agreement

Applicable Law; Mediation and Arbitration. 10.1 9.1 This Agreement shall be governed by the laws of Belgium. 10.2 9.2 The Parties will attempt in good faith to resolve promptly through negotiation any disputes arising out of or relating to this Agreement. 10.3 9.3 If the Parties are not able to resolve the dispute, either Party may consider at any time, without prejudice to any other proceedings, to settle any dispute arising out of or in connection with this Agreement referring to mediation by sending a written request to the other Party. 10.4 9.4 All disputes arising out of or in connection with this Agreement shall be finally settled under the Rules of Arbitration of the Conciliation and Arbitration of the International Chamber of Commerce by 1 (one) arbitrator appointed in accordance with such Rules. The arbitration shall be held in Slovakia, if Bekaert is the requiring Party, and in Belgium, if the Student is the requiring Party and shall be conducted in English. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction. Notwithstanding the foregoing, each Party shall have the right to obtain interim injunction by any court having jurisdiction.

Appears in 1 contract

Sources: Cooperation Agreement