Common use of Escalation and Dispute Resolution Clause in Contracts

Escalation and Dispute Resolution. 2.6.1 If a dispute arises and is not satisfactorily resolved by the appointed representatives provided by either party within two weeks then a mediator will, with the agreement of both parties, be appointed by the Centre for Dispute resolution (CEDR). 2.6.2 If the parties reach agreement on the resolution of the dispute the agreement will be put in writing and once signed shall become binding. 2.6.3 All negotiations connected with the dispute will be conducted in confidence and without prejudice to the rights of the parties in any further proceedings. 2.6.4 If the parties are not prepared to agree to the dispute being referred to a mediator or fail to reach an agreement within 2 months of the mediator being appointed, then either party may exercise any remedy that it has under this Agreement.