In the event a dispute arises out of or in connection with this Agreement or its validity, the parties will comply with this Dispute Resolution provision before commencing any litigation in relation to the dispute, except where a party seeks urgent interlocutory relief.
- The party claiming a dispute will give the other party notice of the dispute providing details. The parties will attempt to resolve the dispute through good faith consultation.
- If the dispute is not resolved within 20 days from the date of notice of the dispute, then any or all outstanding issues will be submitted to mediation by a mediator mutually agreed between the parties or, failing agreement, a mediator appointed by the President of the Law Institute of Victoria. The mediation will be held in Melbourne, Victoria. The parties will share the costs of the mediation equally.
- If mediation is not successful in resolving the entire dispute within 30 days of referral to mediation (unless such period is extended by agreement of the parties), any outstanding issues will be submitted to final and binding arbitration by an arbitrator mutually agreed between the parties or, failing agreement, an arbitrator appointed by the President of the Law Institute of Victoria. The arbitration will be conducted in Melbourne, Victoria in accordance with the laws of the State of Victoria. The arbitrator’s award will be final, and judgment may be entered upon it by any court having jurisdiction within the State of Victoria.