Common use of Dispute Settlement Mechanism Clause in Contracts

Dispute Settlement Mechanism. Should any dispute between Parties and/or any VWH member and Nautilus arising from the interpretation of any one or more clauses in either this agreement and/or the appended and/or later to be appended regulations, prove impossible to solve by said Parties, the claiming Party is to notify the other Party in writing. Parties are bound to make every effort to arrive at a mutually acceptable resolution within a period of two months of having received the aforementioned written notification. Should no resolution be achieved within said two-month period, a dispute between Parties and/or any VWH member and Nautilus shall be recognised as such if and when either one of the Parties or the VWH member in question informs the other Party, in writing, of the existence of said dispute.

Dispute Settlement Mechanism. Should any dispute between Parties and/or any VWH member and Nautilus arising from the interpretation of any one or more clauses in either this agreement and/or the appended and/or later to be appended regulations, prove impossible to solve by said Parties, the claiming Party is to notify the other Party in writing. Parties are bound to make every effort to arrive at a mutually acceptable resolution within a period of two months of having received the aforementioned written notification. Should no resolution be achieved within said two-month period, a dispute between Parties and/or any VWH member and Nautilus shall be recognised recognized as such if and when either one of the Parties or the VWH member in question informs the other Party, in writing, of the existence of said dispute.