Common use of Dispute Escalation Clause in Contracts

Dispute Escalation. The parties shall reasonably cooperate to amicably resolve any disputes between them. If the parties cannot resolve a dispute within ten (10) business days, either party may request in writing to the other party that the dispute be escalated to their respective executives for resolution (each, an “Escalation Request”). If the parties’ respective executives are unable to resolve the dispute within twenty (20) business days following a party’s receipt of an Escalation Request, either party may pursue resolution of the dispute through arbitration in accordance with Section 17(C).

Appears in 5 contracts

Sources: Master Subscription and License Agreement, Master Subscription and License Agreement, Master Subscription and License Agreement

Dispute Escalation. The parties shall reasonably cooperate to amicably resolve any disputes between them. If In the parties cannot resolve event of a dispute within ten (10) business daysbetween the Parties, either party may request the Parties will first attempt in writing to the other party that the dispute be escalated to their respective executives for resolution (each, an “Escalation Request”). If the parties’ respective executives are unable good faith to resolve such dispute by negotiation and consultation between themselves. In the event that such dispute is not resolved on an informal basis within twenty (20) business days days, any Party may, by written notice to the other, have such dispute referred to each Executive Officers, who will attempt in good faith to resolve such dispute by negotiation and consultation for a thirty (30) day period following a party’s receipt of an Escalation Request, either party may pursue resolution of the dispute through arbitration in accordance with Section 17(C)such written notice.

Appears in 1 contract

Sources: Collaboration and License Agreement (Omega Therapeutics, Inc.)