Nautilus 2009 Annual Report Download - page 220

22
8.1.2. If the dispute remains after response, then within 15 days a senior manager from each party shall meet in person
and endeavor to resolve the grievance(s).
8.1.3. If the managers are unable to resolve the grievance, then either party may require non-binding arbitration to be
conducted in accordance with the rules of the AAA and must be completed within 45 days of the management
meeting.
8.1.4. If neither party requires arbitration, or after arbitration, either party may seek redress in the courts. Venue and
jurisdiction shall be either state or federal court in Washington. The non
-breaching party shall recover its
attorney’s fees from the breaching party. If neither party is a breaching party, each party shall bear its own fees
and costs.
8.2.
All disputes involving royalties, payments, or monies due shall be resolved according to the following procedure:
8.2.1. The aggrieved party shall provide written notice to the other party and the other party shall cure the breach or
provide notice it disputes the grievance within twenty (20) business days. The parties may agree on a payment
schedule and so long as payments are made in accordance with the agreed upon schedule, no breach shall be
deemed to have occurred.
8.2.2. If the parties cannot agree on a schedule for repayment or otherwise dispute the amounts due or time payment is
due, then either party may seek redress in the courts. Venue and jurisdiction shall be either state or federal court in
Washington. The non-breaching party shall recover its attorney’s fees from the breaching party. If neither party is
a breaching party, each party shall bear its own fees and costs.