37. SETTLEMENT OF DISPUTES

37.1 The Parties acknowledge that the Parties shall, without delay and in good faith, attempt to resolve any dispute or difference which may arise between them in relation to the Agreement prior to commencing arbitration proceedings under this Agreement.

37.2 Should any Party require resolution of a dispute or difference with another Party in relation to this Agreement it undertakes to do so in accordance with the succeeding provisions of this clause. Each Party acknowledges that the compliance with these provisions is a condition precedent to any entitlement to a claim, relief or remedy, whether by way of proceedings in a court of competent jurisdiction or by arbitration proceedings under this Agreement or otherwise in respect of such dispute or difference.

37.3 If any Party requires resolution of a dispute or difference: