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This excerpt taken from the EYE 10-Q filed Aug 9, 2006. 7.2. Mediation.
In the event that the Parties are not
able to resolve their dispute pursuant to and within the time provided by
paragraph 7.1 above, the Parties agree that before initiating any litigation
against each other, the Parties shall submit any disputes to non-binding
16 mediation in Chicago, Illinois with a mutually acceptable mediator; provided, however, that the Parties obligations to mediate shall not prejudice any partys right to seek injunctive relief from an appropriate court following the mediation. After the expiration of the time period provided in paragraph 7.1 above, the Parties shall have ten (10) business days to pick a mediator to hear the dispute. If the Parties are unable within ten (10) business days to agree upon a mediator, the Parties shall utilize a mediator selected by JAMS from among its panel of former jurists. The Parties agree not to initiate any action before any court with respect to such dispute until the earlier of the completion of the mediation or ninety (90) days after the Initiating Party has given written notice of the dispute to the other party. In the event that mediation is unsuccessful, until the end of a period of sixty (60) days following completion of the mediation or one hundred fifty (150) days following written notice of the dispute, whichever is earlier, no party other than the Initiating Party may bring litigation to resolve the dispute. The Initiating Partys choice of forum for such litigation shall be subject to the rights of the other party to challenge the forum for any reason contemplated by the applicable procedural rules and case law. |
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