Common use of Termination and Settlement Clause in Contracts

Termination and Settlement. Parties may terminate an application for mediation or a mediation session at any time and will not be obliged to provide reasons for the termination. The Parties acknowledge that they may end the mediation at any time if a Party believes that a Mediator is biased or has a conflict of interest. If Parties agree to settle their dispute during mediation, the terms shall be recorded in a Settlement Agreement which Parties shall voluntarily sign to indicate that they will abide by and give full effect to their obligations as expressed therein.

Appears in 2 contracts

Sources: Mediation Agreement, Mediation Agreement

Termination and Settlement. Parties may terminate an application for mediation or a mediation session at any time and will not be obliged to provide reasons for the termination. The Parties acknowledge recognize that they may end the mediation at any time if a Party believes that a Mediator is biased or has a conflict of interest. If Parties agree to settle their dispute during at mediation, the terms shall be recorded in a Settlement Agreement which Parties shall voluntarily sign to indicate that they will abide by and give full effect to their obligations as expressed therein.

Appears in 1 contract

Sources: Healthcare Mediation Agreement