Laserfiche WebLink
NEOISO <br />Section*2.19 Mediation: Arbitration <br />(a) Mediation. Any claim or controversy related to or arising out of this Agreement <br />whether in contract or tort ("Dispute"), will be resolved on a confidential basis according to the <br />following process, which either party may start by delivering to the other party a written notice <br />describing the Dispute and the amount involved ("Demand"). After receipt of a Demand, <br />authorized representatives of the parties will meet at a mutually agreed upon time and place to <br />try to resolve the Dispute by negotiation. If the Dispute remains unresolved after this meeting, <br />either party may start mandatory non-binding mediation under the Commercial Mediation Rules <br />of the American Arbitration Association ("AAA"). ' <br />(b) Unsuccessful Mediation. If the Dispute remains unresolved forty-five (45) days <br />after the receipt of the Demand, either party may start binding arbitration under the Commercial <br />Arbitration Rules of the AAA. The arbitration will be before one (1) arbitrator; however, before <br />the selection of the arbitrator, a party (wtiose identity will not be revealed to the arbitrators) may <br />require, at its sole additional expense, a three (3) arbitrator panel, of. which at least one <br />arbitrator will be an attorney. No statements by, or communications between, the parties during <br />negotiation or mediation, or both, will be admissible for any purpose in arbitration. The <br />arbitrator(s) will have no authority to award punitive damages or any other monetary relief not <br />measured by the prevailing party's actual damages (adjustments for time value of money <br />permitted), and will not make any decision inconsistent with the terms and conditions of this <br />Agreement. Each party will bear its internal expenses and attorneys' fees and expenses. <br />(c) Privileqed. The settlement mediation and any arbitration will be compromise <br />negotiations and all offers, promises, conduct and statements, whether oral or written, made in <br />the course of the mediation or arbitration by any of the parties, their agents, employees, experts <br />and attorneys or by the mediator or arbitrator, will be confidential, privifeged and inadmissibte <br />for any purpose, including'impeachment under Rule 408 of the Federal Rules of Evidence and <br />any applicable federal or state statute, rule, or common law provisions, and in any judicial or <br />arbitration proceeding. (d) Other Suits. Nothing in this Section will preclude a party's recourse to a court of <br />competent jurisdiction to (a) enforce the terms of, or an arbitration under, this Section; (b) seek <br />temporary equitable relief necessary to protect its interests; or (c) recover specific property, <br />including an action in replevin. Neither arbitration under this Section nor any legal action, <br />regardless of its form, related to or arising out of this Agreement may be brought more than two <br />(2) years after the cause of action first accrued, except if a Demand is made within forty-five <br />(45) days before the end of this two-year period. The parties wilf have sixty (60) additional days <br />from the Demand to start arbitration under this'Agreement. <br />Section 2.20 No Construction Aqainst Drafter This Agreement must be interpreted <br />to give it fair meaning, and any ambiguity may not be construed for or against any party. <br />-9- <br />Northeast Ohio Sourcing Office 4829 Galaxy Pazkway Suice A p 1216.839.1500 <br />wwwneoso.org Cleveland, OH44128 f 1216_503.4247 19' ? <br />?:' .