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Where

(a) the parties fail to agree to refer a dispute for voluntary arbitration, or

(b) a dispute remains unresolved at the end of the arbitration proceedings, either party intending to take a strike action or lockout, shall give written notice of the intended action to the other party and the Commission shall, within seven (7) working days after the failure of the parties to agree to refer the dispute to another arbitration, terminate the arbitration proceedings.