THIS AGREEMENT is made on the day of 22 November 2024.

BETWEEN

(1)    of ("Party A"),

(2)    of ("Party B").

A.   Negotiation

In the event of any dispute or difference between Party A and Party B arising out of or in connection with this Agreement whether before or after repudiation or termination of this Agreement (a Dispute) the Dispute shall first be referred by notice in writing to the Chairman or Chief Executive of the Parties who shall meet and endeavour to resolve the Dispute by negotiation.

 

B.   Expert Determination

1. If the Dispute is not so resolved within [7] days of the notice referred to in Clause [x], where the Dispute has arisen from a [TO BE DEFINED BY THE PARTIES] issue, then such Dispute shall at the instance of either Party A or Party B be referred in writing to and be settled by a panel of three persons (acting as independent experts but not as arbitrators) (the Panel) under the procedure set out in Appendix [  ] (the Expert Determination). The Panel shall state its decision in writing and give notice of the same to Party A and Party B within a period of 90 days from the reference to Expert Determination. The Panel shall perform its duties and reach its decision in accordance with the terms of this Agreement (including the procedure set out in Appendix [  ]).

2. The Panel shall be constituted in the following manner:

(i) a President of the Panel shall be appointed by the Parties by agreement within [28] days of the date of this Agreement or failing such agreement shall be selected on the request of either Party by APPOINTOR;

(ii) each Party shall within [28] days of the date of this Agreement nominate for the approval of the other Party one person to the Panel and an alternate for such person or failing such nomination by either Party the other Party may apply to APPOINTOR to make a nomination;

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