General Contract Clauses: Alternative Dispute Resolution (Multi-Tiered) (NY) | Practical Law
A Standard Clause requiring the parties to resolve their disputes by alternative dispute resolution (ADR) under New York law, including a period of negotiation and then mediation before submitting the dispute to litigation or arbitration. This type of clause is sometimes referred to as an escalation clause. This Standard Clause has integrated notes with important explanations and drafting tips.