Disputes and Conflicts Sample Clauses
The Disputes and Conflicts clause establishes the procedures and mechanisms for resolving disagreements that may arise between the parties under the agreement. Typically, this clause outlines steps such as negotiation, mediation, or arbitration before resorting to litigation, and may specify the jurisdiction or governing law for any legal proceedings. Its core practical function is to provide a clear, structured process for addressing and resolving conflicts, thereby minimizing uncertainty and reducing the potential for prolonged or costly disputes.
Disputes and Conflicts. The Committee shall have the authority to determine all disputes and controversies concerning the interpretation of this Agreement. All determinations and decisions made in good faith by the Committee pursuant to the provisions of the Plan and all related orders and resolutions of the Committee made in good faith shall be final, conclusive and binding on all persons. In the event of any conflict between this Agreement and the Plan, the terms of the Plan shall control.
Disputes and Conflicts. In the event of any disagreement between any of the Parties, or between any of them and any other person or entity, resulting in adverse claims or demands being made in connection with the matters covered by this Agreement, or in the event that SunTrust, in good faith, is in doubt as to what action it should take hereunder, SunTrust may, at its option, refuse to comply with any claims or demands on it, or refuse to take any other action hereunder, so long as such disagreement continues or such doubt exists, and in any such event, SunTrust shall not be or become liable in any way or to any Party or other person or entity for its failure or refusal to act, and SunTrust shall be entitled to continue to refrain from acting until (i) the rights of the Parties and all other interested persons and entities shall have been fully and finally adjudicated by a court of competent jurisdiction, or (ii) all differences shall have been adjudged and all doubt resolved by agreement among all of the Parties and all other interested persons and entities, and SunTrust shall have been notified thereof in writing signed by the Parties and all such persons and entities. Notwithstanding the preceding, SunTrust may in its discretion obey the order, judgment, decree or levy of any court, whether with or without jurisdiction, or of an agency of the United States or any political subdivision thereof, or of any agency of any State of the United States or of any political subdivision of any thereof, and SunTrust is hereby authorized in its sole discretion to comply with and obey any such orders, judgments, decrees or levies. The rights of SunTrust under this section are cumulative of all other rights which it may have by law or otherwise. In the event of any disagreement or doubt, as described above, SunTrust shall have the right, in addition to the rights described above and at the election of SunTrust, to tender into the registry or custody of any court having jurisdiction, all funds and property held under this Agreement, and SunTrust shall have the right to take such other legal action as may be appropriate or necessary, in the sole discretion of SunTrust. Upon such tender, the Parties agree that SunTrust shall be discharged from all further duties under this Agreement; provided, however, that any such action of SunTrust shall not deprive SunTrust of its compensation and right to reimbursement of expenses hereunder arising prior to such action and discharge of SunTrust of its dutie...
Disputes and Conflicts. This Agreement is governed by the laws of England. London Courts and Enforcement Offices are authorized to resolve any disputes that may arise from the execution of the Agreement.
Disputes and Conflicts i) This Agreement may be terminated by the mutual written consent of both parties after amicable negotiation. Except that the payment provisions in Paragraph 3, whereby Party A agrees to pay Party B and indemnify Party B, shall survive the termination of this Agreement.
ii) Any disputes arising out of this Agreement will be solved amicably by negotiation of the two parties. In the event a resolution cannot be negotiated, the dispute will be brought to the China International Economic and Trade Arbitration Commission (“CIETAC”) for ultimate disposition. If the Parties could not reach a resolution within thirty (30) days, each Party is entitled to submit such dispute to CIETAC in Hong Kong for arbitration pursuant to the CIETAC Arbitration Rules then in force. The arbitration award is final and binding on all Parties.
iii) The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof.