Common use of Arbitration and Conciliation Clause in Contracts

Arbitration and Conciliation. The decision of the arbitrator shall be final and binding on the parties and the arbitrator shall be requested to issue a decision within thirty (30) calendar days after the conclusion of testimony and final argument. The arbitrator shall not have the authority to add to, delete from, or otherwise modify the terms of this Agreement.

Arbitration and Conciliation. The decision of the arbitrator shall be binding and final and binding on the parties parties, and the arbitrator shall be requested to issue a render his decision in writing within thirty (30) calendar days after the conclusion of the testimony and final argument. The arbitrator shall not have the authority to add to, delete from, or otherwise modify the terms of this Agreement.