Common use of Direct Negotiation Clause in Contracts

Direct Negotiation. The parties shall attempt in good faith to resolve any Dispute promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of the relevant contracts. Either party may give the other party written notice of any Dispute that has not been resolved in the normal course of business. Within 10 days after delivery of the notice, the receiving party shall submit to the other a written response. The notice and response shall include: (a) a statement of that party’s position and a summary of arguments supporting that position, and (b) the name and title of the executive who will represent that party and of any other person who will accompany the executive. Within 20 days after delivery of the initial notice, the executives of both parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the Dispute. All reasonable requests for information made by one party to the other will be honored. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.

Direct Negotiation. The parties shall attempt in good faith to resolve any Dispute all disputes arising out of or relating to this Agreement, the employment of Employee by the Company or the termination of such employment promptly by negotiation between executives Employee and an executive of IFG, such as the President or General Counsel, who have has authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of the relevant contractscontroversy. Either Any party may give the other party written notice of any Dispute that has dispute not been resolved in the normal course of business. Within 10 15 days after delivery of the noticenotice (the "Notice"), the receiving party shall submit to the other a written response. The notice Notice and the response shall include: (a) include a statement of that each party’s 's position and a summary of arguments supporting that position, and (b) the name and title of the executive who will represent that party and of any other person who will accompany the executive. Within 20 30 days after delivery of the initial noticedisputing party's Notice, the executives Employee and an executive of both parties IFG shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the Disputedispute. All reasonable requests for information made by one party to the other will be honored. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.