Common use of Resolution of Problems Clause in Contracts

Resolution of Problems. 10.1. Any dispute arising in connection with matters referred to in this Memorandum of Agreement will be settled between the parties in the spirit of friendship and mutual trust. If the parties are unable to reach an amicable settlement then either party may serve notice on the other, requiring the matter to be referred to an exclusive arbitration before a single arbiter under the rules of conciliation and arbitration in the UK Court of Arbitration.

Appears in 2 contracts

Sources: Memorandum of Agreement, Memorandum of Agreement