West Virginia Clauses Requiring Referrals of Dispute to Senior Management of Venture Partners
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How to fill out Clauses Requiring Referrals Of Dispute To Senior Management Of Venture Partners?
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FAQ
A dispute resolution clause is a critical clause of any contract. It will outline how parties should respond in a dispute and the preferred dispute resolution process and will avoid premature and unnecessary court proceedings.
The most common ADR methods are negotiation, mediation, conciliation, arbitration, and private judging.
Sample Construction Clause The parties agree that any claim or dispute relating to this agreement, as well as any other matters, disputes, or claims between them, shall first be Mediated and/or Arbitrated in an attempt to resolve any and all issues. Initially, the parties agree to consider mediating the dispute.
A sample clause which provides for negotiation follows. NEG 1 In the event of any dispute, claim, question, or disagreement arising from or relating to this agreement or the breach thereof, the parties hereto shall use their best efforts to settle the dispute, claim, question, or disagreement.
Section A: Dispute Settlement 1. The Parties shall at all times endeavor to agree on the interpretation and application of this Agreement, and shall make every attempt through cooperation and consultations to arrive at a satisfactory resolution of any matter that might affect its operation.
Examples of alternative dispute resolution include mediation and arbitration, both of which avoid the courtroom while attempting to resolve disputes between two parties.
If there is clear wording in the contract that provides for the survival of the dispute resolution clause in the event of termination, the courts will hold the parties to their contractual bargain and enforce the process.
An enforceable dispute resolution clause states commitment/agreement of the parties to the contract to submit to a process by which disputes between parties to a contract will be resolved.
