Disputes and Interpleader Clause Samples
The Disputes and Interpleader clause establishes procedures for resolving disagreements between parties and outlines steps to be taken if a third party claims an interest in the subject matter of the agreement. Typically, this clause details how disputes should be handled, such as through negotiation, mediation, or arbitration, and specifies the process for the holder of funds or property to deposit them with a court if conflicting claims arise. Its core function is to provide a clear mechanism for managing disputes and protecting stakeholders from liability when multiple parties assert competing rights, thereby ensuring orderly resolution and minimizing legal risk.
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Disputes and Interpleader. (a) In the event of any dispute between Company and AGCS or any third party claiming beneficiary status under this Agreement, Escrow Agent may submit this matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by Escrow Agent in connection therewith shall be borne by the third party seeking a copy of the Source Material. Without limiting the generality of the foregoing, if Escrow Agent shall be uncertain as to its duties or rights hereunder, shall receive any notice, advice, schedule, report, certificate, direction or other document from any person or entity with respect to the Source Material, that, in the opinion of the management of Escrow Agent is in conflict with any of the provisions of this Agreement, or shall be advised that a dispute has arisen with respect to the ownership or right of possession of the Source Material or any part thereof, Escrow Agent shall be entitled, without liability to anyone, to refrain from taking any action other than to exercise best efforts to keep safely the Source Material until Escrow Agent shall be directed otherwise in writing by an order, decree, or judgment of a court of competent jurisdiction that is then finally affirmed on appeal or that by the lapse of time or otherwise is no longer subject to appeal, but Escrow Agent shall be under no duty to institute or defend any such proceeding.
Disputes and Interpleader. In the event of any dispute between VTS and ALYA or any third party claiming beneficiary status under this Agreement, Security Agent may submit this matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by Security Agent in connection therewith shall be borne by the party seeking a the Shares deposited with Security Agent. Without limiting the generality of the foregoing, if Security Agent shall be uncertain as to its duties or rights hereunder, shall receive any notice, advice, schedule, report, certificate, direction or other document from any person or entity with respect to the Shares, that in the opinion of the Security Agent, in its sole discretion, is in conflict with any provisions of this Agreement, or shall be advised that a dispute has arisen with respect to the ownership or right of possession of the Shares or any part thereof, Security Agent shall be entitled, without liability to anyone, to refrain from taking any action other than to exercise best efforts to keep safely the Shares until Security Agent shall be directed otherwise in writing by an order, decree, or judgment of a court of competent jurisdiction that is then finally affirmed on appeal or that by the lapse of time or otherwise is no longer subject to appeal; but Security Agent shall be under no duty to institute or defend any such proceeding.
Disputes and Interpleader. (a) Escrow Agent may submit any dispute under this Escrow Agreement to any court of competent jurisdiction in an interpleader or similar action other than a matter submitted to arbitration after Escrow Agent's receipt of an Objection Notice under Section 4 above and the parties under this Escrow Agreement submit the matter to such arbitration as described in Section 4 of this Escrow Agreement. Any and all costs incurred by Escrow Agent in connection therewith, including reasonable attorneys' fees and costs, shall be borne 50% by each of Registry Operator and ICANN.
(b) Escrow Agent shall perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.
Disputes and Interpleader. (a) In the event of any dispute between any of Fort ▇▇▇▇, Producer and/or any Licensee relating to delivery of the Deposit Materials by Fort ▇▇▇▇ or to any other matter arising out of this Agreement, Fort ▇▇▇▇ may submit the matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by Fort ▇▇▇▇ in connection therewith, including reasonable attorneys' fees and costs, shall be borne by the party seeking the copy of the Deposit Materials.
(b) Fort ▇▇▇▇ shall perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.
Disputes and Interpleader. (a) Fort ▇▇▇▇ may submit the matter to any court of competent jurisdiction in an interpleader or similar action other than a matter submitted to arbitration after Fort ▇▇▇▇'▇ receipt of an Objection Notice under Section 4 and the parties under this Agreement submit the matter to such arbitration as described in Section 4 of this Agreement. Any and all costs incurred by Fort ▇▇▇▇ in connection therewith, including reasonable attorneys' fees and costs, shall be borne 50% by each of Producer and Licensee.
(b) Fort ▇▇▇▇ shall perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.
Disputes and Interpleader. In the event of any dispute between Supplier and CA claiming beneficiary status under this Agreement relating to the delivery of a copy of the Source Code Copy by the Custodian or to any other matter covered by this Agreement, the Custodian may submit this matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by the Custodian in connection therewith shall be borne equally by Supplier and CA.
Disputes and Interpleader. 6.1. Unless required to be submitted to arbitration as set forth above, in the event of any dispute between any of Fort Knox, ▇▇oenix and/or any Licensee relating to delivery of the Deposit Materials by Fort Knox ▇▇ to any other matter arising out of this Agreement, Fort Knox ▇▇▇ submit the matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by Fort Knox ▇▇ connection therewith, including reasonable attorneys' fees and costs, shall be borne by Phoenix.
Disputes and Interpleader. (a) Escrow Agent may submit any dispute under this Agreement to any court of competent jurisdiction in an interpleader or similar action.
(b) Escrow Agent shall perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.
Disputes and Interpleader. (a) In the event of any dispute between any of Fort Knox, ▇▇oducer and/or Licensee relating to delivery of the Deposit Materials by Fort Knox or to any other matter arising out of this Agreement, Fort Knox ▇▇▇ submit the matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by Fort Knox ▇▇ connection therewith, including reasonable attorneys' fees and costs, shall be borne 50% by each of Producer and Licensee.
(b) Fort Knox ▇▇▇ll perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.
Disputes and Interpleader. (a) In the event of any dispute between any of Fort Knox, ▇▇oducer and/or any Licensee relating to delivery of the Deposit Materials by Fort Knox ▇▇ to any other matter arising out of this Agreement, Fort Knox ▇▇▇ submit the matter to any court of competent jurisdiction in an interpleader or similar action. Any and all costs incurred by Fort Knox ▇▇ connection therewith, including reasonable attorneys' fees and costs, shall be borne by the party seeking the copy of the Deposit Materials.
(b) Fort Knox ▇▇▇ll perform any acts ordered by any court of competent jurisdiction, without any liability or obligation to any party hereunder by reason of such act.