Common use of Initiation of Dispute Resolution Clause in Contracts

Initiation of Dispute Resolution. The Party proposing that any dispute be submitted to dispute resolution shall do so by giving written notice to the other Party of its desire to submit the matter to dispute resolution. Promptly thereafter, but in any event within ten (10) days or such longer time as the Parties may agree upon, the Parties (each being represented by representatives with decision-making authority as to the relevant dispute) shall meet to attempt to resolve the relevant dispute. Each of the Parties shall bear its own expenses incurred in connection with any such meeting.