The parties shall make every right to resolve the claim or dispute through negotiations in good faith. In the event of failure of such negotiations, but within sixty (sixty) days of notification by the other party to the dispute, Buyer may request the American Arbitration Association to appoint an arbitrator. The arbitrator shall conduct a hearing within thirty (30) days, unless this period is extended by agreement between the parties and informs the parties in writing. The arbitrator does not have the authority to modify or supplement this contract. The arbitrator`s decision is limited to the question(s) that will be submitted to arbitration. Subject to this limitation, the arbitrator`s decision is final and binding, except that either party may request a competent court to verify errors of law. .