Common use of Resolution by Mediation Clause in Contracts

Resolution by Mediation. (a) If a Dispute remains unresolved following negotiations among the Shareholders then either Shareholder may, by delivery of a Notice of Dispute, refer such dispute to non-binding mediation. (b) Each Shareholder will work with the other to select an acceptable mediator and the appropriate rules of mediation, and to work with the mediator to resolve the Dispute. The mediation process shall continue until the Dispute is resolved or until either the mediator makes a finding that there is no possibility of settlement through the mediation or one of the Shareholders elects not to continue the mediation (“Mediation Termination”). (c) The place of mediation shall be ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇. (d) The language of the mediation shall be in English.

Resolution by Mediation. (a) If a Dispute remains unresolved following negotiations among the Shareholders then either Shareholder may, by delivery of a Notice of Dispute, refer such dispute to non-binding mediationbindingmediation. (b) Each Shareholder will work with the other to select an acceptable mediator and the appropriate rules of mediation, and to work with the mediator to resolve the Dispute. The mediation process shall continue until the Dispute is resolved or until either the mediator makes a finding that there is no possibility of settlement through the mediation or one of the Shareholders elects not to continue the mediation (“Mediation Termination”). (c) The place of mediation shall be ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇. (d) The language of the mediation shall be in English.