Common use of Resolution of Difficulties Clause in Contracts

Resolution of Difficulties. 1. The competent authorities of the Parties shall resolve, to the extent possible, any difficulties which arise in interpreting this Agreement according to its spirit and fundamental principles. 2. The Parties shall consult promptly at the request of either Party concerning difficulties which have not been resolved by the competent authorities in accordance with paragraph 1. 3. If the difficulty has not been resolved within 6 months following the consultation prescribed in paragraph 2, it may be submitted at the request of one or both Parties to an arbitration commission. . Unless the Parties mutually determine otherwise, the Commission shall consist of 3 arbitrators of whom each Party shall appoint one and the two arbitrators so appointed shall appoint a third who shall act as President; provided that if any Party fails to appoint an arbitrator within 30 days from the date on which one or both Parties has requested the difficulty be submitted to an arbitration commission, or in the event of a disagreement over the appointment of the President of such commission, the President of the International Court of Justice shall be requested by one or both Parties to appoint the arbitrator or as the case may be, the President of the arbitration commission.

Resolution of Difficulties. 1. The competent authorities of the Parties shall resolve, to the extent possible, any difficulties which arise in interpreting this Agreement according to its spirit and fundamental principles. 2. The Parties shall consult promptly at the request of either Party concerning difficulties which have not been resolved by the competent authorities in accordance with paragraph 1. 3. If the difficulty has not been resolved within 6 six months following the consultation prescribed in paragraph 2, 2 it may be submitted at the request of one or both Parties to an arbitration commission. . 4. Unless the Parties mutually determine otherwise, the Commission shall consist of 3 arbitrators of whom each Party shall appoint one and the two arbitrators so appointed shall appoint a third who shall act as President; provided that if any Party fails to appoint an arbitrator within 30 days from the date on which one or both Parties has requested the difficulty be submitted to an arbitration commission, or in the event of a disagreement over the appointment of the President of such commission, the President of the International international Court of Justice shall be requested by one or both Parties to appoint the arbitrator or as the case may be, the President of the arbitration commission. 5. The commission shall determine its own procedures. 6. The decision of the commission shall be final and binding.