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PES Contract Clauses > Dispute Resolution Example 1

  1. Dispute Resolution. In the event a dispute arises under, out of, or relating to the interpretation, application, or performance of this agreement, the parties shall first attempt to resolve the dispute by discussion and negotiation.

Notes

This example dispute resolution clause is very simple, binding the parties only to attempt to resolve disputes by informal discussion before other measures are taken, but not restricting either party from pursuing other options after such informal discussion takes place.

Context of this Clause:

  • Forward purchase agreement
  • Ecosystem service: forest carbon emission reductions
  • Numerous sellers (Participating Landholders) are represented by an individual (the Seller Representative)

About: Dispute Resolution


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