Common use of Overriding Clause in Contracts

Overriding. Principle Any dispute arising out of or relating to this -------------------- Contract shall be resolved exclusively by the procedures set out in this Article 20. First, there shall be friendly discussions between the Shareholders based on the overriding principle that the Shareholders have agreed to establish the Company in order to generate maximum profits for each of the Shareholders.

Appears in 2 contracts

Sources: Joint Venture Agreement (Pan Asia Mining Corp), Joint Venture Agreement (Pan Asia Mining Corp)