Common use of Procedure for Settlement of Disputes Clause in Contracts

Procedure for Settlement of Disputes. 25.1. The Parties will take all necessary actions to settle the disputes and differences under the Contract by means of negotiations. 25.2. If any dispute cannot be settled by means of negotiation within 60 (sixty) days from the date of its emergence then the Parties may transfer the disputable matter to the courts of the State authorized to consider such disputes.

Procedure for Settlement of Disputes. 25.1. The Parties will take all necessary actions to settle the disputes and differences under the Contract by means of negotiations. 25.2. If any dispute cannot be settled by means of negotiation within 60 (sixty) days from the date of its emergence then the Parties may transfer the disputable matter to the courts of the State authorized to consider such disputes. GUARANTEES OF STABILITY OF THE CONTRACT 26.1. Terms and conditions of the Contract will remain the same throughout the effective term of the Contract.