Common use of Informal Dispute Resolution Procedures Clause in Contracts

Informal Dispute Resolution Procedures. The Parties shall attempt in good faith to resolve such dispute within fifteen (15) days following receipt by the other Party of notice of such dispute. If the Parties are unable to resolve the dispute within such fifteen-day period, and upon notice by either Party to the other, the dispute shall be referred to the Designated Senior Person of each Party. The Designated Senior Persons shall negotiate in good faith to resolve the dispute in the next following ten (10) day period, conferring as often as they deem reasonably necessary. Statements made by representatives of the Parties during the dispute resolution procedures set forth in this Section 17.2 and documents specifically prepared for such dispute resolution procedures shall be considered part of settlement negotiations and shall not be admissible as evidence in any arbitration or other litigation proceeding between the Parties without the mutual consent of the Parties.

Informal Dispute Resolution Procedures. The Parties shall attempt in good faith to resolve such dispute within fifteen (15) days 15 Business Days following receipt by the other one Party of notice of such disputedispute from the other Party. If the Parties are unable to resolve the dispute within such fifteen-day periodperiod of 15 Business Days, and upon notice by either Party to the other, the dispute shall be referred to the Designated Senior Person of each Party. The Designated Senior Persons shall negotiate in good faith to resolve the dispute in the next following ten (10) day perioddispute, conferring as often as they deem reasonably necessary. Statements made by representatives Representatives of the Parties during the dispute resolution procedures set forth in this Section 17.2 18.2 and in Section 18.3 and documents specifically prepared for such dispute resolution procedures shall be considered part of settlement negotiations and shall not be admissible as evidence in any arbitration or other litigation proceeding between the Parties without the mutual consent of the Parties.

Informal Dispute Resolution Procedures. The Parties shall attempt in good faith to resolve such dispute within fifteen (15) 15 days following receipt by the other Party of notice of such dispute. If the Parties are unable to resolve the dispute within such fifteen-day 15‑day period, and upon notice by either a Party to the otherother Party, the dispute shall be referred to the Designated Senior Person of each Party. The Designated Senior Persons shall negotiate in good faith to resolve the dispute in the next following ten (10) day perioddispute, conferring as often as they deem reasonably necessary. Statements made by representatives of the Parties during the dispute resolution procedures set forth in this Section 17.2 19.2 and in Section 19.3 and documents specifically prepared for such dispute resolution procedures shall be considered part of settlement negotiations and shall not be admissible as evidence in any arbitration or other litigation proceeding between the Parties without the mutual consent of the Parties.