Opinion ID: 177132
Heading Depth: 2
Heading Rank: 1

Heading: The Purchase Price Dispute Arbitration Clause

Text: If Lumbermens submitted a timely Disagreement Notice to Broadspire indicating disagreement with a given earnout or lump sum report, the parties first had 30 days to try and resolve the differences themselves. Failing that, the dispute would be submitted to an accounting or appraisal firm for arbitration: Purchase Price Disputes. If a party delivers a Disagreement Notice to the other party in a timely manner, then Buyer and Seller shall attempt in good faith to resolve such dispute within 30 days from the date of such notice. If Buyer and Seller cannot reach agreement... then the dispute shall be promptly referred to an independent accounting or appraisal firm of national reputation mutually acceptable to Buyer and Seller, or if the parties are unable to agree on such a firm within 10 days ... to PricewaterhouseCoopers LLP (the Accounting/Appraisal Firm) for binding resolution. The Accounting/Appraisal Firm may conduct such proceedings as the Accounting/Appraisal Firm, in its sole discretion, determines will assist in resolving the dispute and shall, within 60 days ... deliver ... a written report setting forth its determination of all disputed amounts ... and its determinations will be conclusive and binding upon the parties. Agreement § 3.4.