Common use of Resolution of Controversies Clause in Contracts

Resolution of Controversies. All disputes arising out of or in connection with the present agreement shall be first discussed by the Monitoring Committee. Previously, an amicable solution must have been attempted, based on good faith and good will criteria, in order to avoid disputes. In case of conflict the parties shall be subject to the Rules of Arbitration of the International Chamber of Commerce by one arbitrator appointed in accordance with the said Rules.

Appears in 3 contracts

Sources: Cooperation Agreement, Research Student Exchange Agreement, Cooperation Agreement