Sample Clauses

Mediation Clause

“The parties agree to elect Mediation as prior and obligatory procedure to settle any dispute arising out of or in connection with the present contract; They also agree that all disputes related to this arrangement shall be referred to MEDIARE, in order to be resolved; in accordance with the corresponding Regulation. If mediation fails to settle the dispute, the parties may opt for it to be settled by arbitration or in court; without prejudice of the prior mediation procedure, which may be resumed at any time, in the event of which the parties shall request the judge or arbitrator the suspension of the respective procedures for the period necessary for the consensual solution to be achieved.”

 

Med-Arb Clause

“If Mediation is not successful in settling the dispute within the time agreed in the Agreement to Participate in Mediation (signed in beginning or resumption of the mediation), the controversy shall be settled by arbitration, which shall be submitted to (name the entity responsible for conducting the procedure), under the rules of its respective arbitration standards.”

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