Good Faith Effort to Resolve Dispute Clause

Summary

This clause can be used in a commercial agreement and compels the contracting parties to engage in good faith negotiations to resolve any dispute arising out of the agreement before they can initiate legal action. The template includes practical guidance and drafting notes. For additional information on dispute resolution alternatives, see Multi-tiered, Hybrid, and Carve-Out Dispute Resolution Clauses and Drafting Contractual Dispute Provisions Resource Kit.