19. Dispute Resolution/Arbitration
19.1 The parties will use their best endeavours to negotiate in good faith and settle any dispute that may arise out of or related to the Grant, the Grant Funded Activities or the Grant Conditions or any breach of them. If any such dispute cannot be settled amicably through ordinary negotiations by authorised representatives of the HRB and the Host Institution either party may refer it to arbitration by a sole arbitrator to be appointed in default of agreement between the parties by the President or other Senior Officer for the time being of the Law Society of Ireland.
19.2 Any such referral shall be deemed to be a submission to arbitration within the meaning of the Arbitration Acts, 1954-1998 and any award thereunder may be made a rule or order of the High Court in Ireland.
19.3 The award of the Arbitrator shall be final and binding on the parties.
19.4 The Arbitrator shall have power to determine all matters in dispute which shall be referred to him and the costs of and incidental to the reference and award respectively shall be at the discretion of the Arbitrator who may determine the amount thereof or direct the same to be taxed and any award made thereunder may be made a rule or order of the High Court in Ireland.
19.5 Nothing contained in this clause 19 shall restrict the freedom of any party to commence legal proceedings to preserve any legal right or remedy or protect any intellectual property rights.