Common use of Implementation of the MOU Clause in Contracts

Implementation of the MOU. (a) The signatories to the MOU agree to work together in implementing the MOU for the benefit of the industry. (b) The signatories to the MOU acknowledge that they will negotiate in good faith and in the interests of the industry: (1) to agree: (A) any variation or addition proposed to this Statement of Principles; (B) any variation or addition proposed to a Schedule to which they are a party; or (C) any proposal to add or remove a Schedule to or from the MOU; and (2) to resolve within a reasonable time any dispute that may arise out of the MOU.

Implementation of the MOU. (a) The signatories to the MOU agree to work together in implementing the MOU for the benefit of the industry. (b) The signatories to the MOU acknowledge that they will negotiate in good faith and in the interests of the industry: (1) to agree: (A) any variation or addition proposed to this Statement of PrinciplesPrinciple s; (B) any variation or addition proposed to a Schedule to which they are a party; or (C) any proposal to add or remove a Schedule to or from the MOU; and (2) to resolve within a reasonable time any dispute that may arise out of the MOU.