Common use of NEGOTIATIONS AND MEDIATION Clause in Contracts

NEGOTIATIONS AND MEDIATION. Should there be any ambiguity, contradiction or inconsistency in this Agreement, or should any disagreement or dispute arise in the course of or subsequent to implementation of this Agreement, the Shareholders shall, as a condition precedent to the use of any dispute resolution method listed below, meet within ten (10) days of written request by either party and negotiate in good faith to settle the matter. Each Shareholder shall make available such persons and documents as maybe reasonably requested by the other Shareholder in order to facilitate such negotiations. If such negotiations are unsuccessful in settling the disagreement or dispute, the parties agree to attempt to settle their differences by non-binding mediation to be held in Atlanta, Georgia and administered by the American Arbitration Association under its Commercial Mediation Rules.

Appears in 2 contracts

Sources: Shareholders Agreement (TRX Inc/Ga), Shareholders Agreement (TRX Inc/Ga)

NEGOTIATIONS AND MEDIATION. Should there be any ambiguity, contradiction or inconsistency in this Agreement, or should any disagreement or dispute arise in the course of or subsequent to implementation of this Agreement, the Shareholders Stakeholders shall, as a condition precedent to the use of any dispute resolution method listed below, meet within ten (10) days of written request by either party and negotiate in good faith to settle the matter. Each Shareholder Stakeholder shall make available such persons and documents as maybe reasonably requested by the other Shareholder Stakeholder in order to facilitate such negotiations. If such negotiations are unsuccessful in settling the disagreement or dispute, the parties agree to attempt to settle their differences by non-binding mediation to be held in Atlanta, Georgia and administered by the American Arbitration Association under its Commercial Mediation Rules.

Appears in 1 contract

Sources: Rights Agreement (TRX Inc/Ga)