Arbitration final and binding Sample Clauses
The "Arbitration final and binding" clause establishes that any disputes resolved through arbitration cannot be appealed or re-litigated in court, making the arbitrator's decision conclusive for both parties. In practice, this means that once an arbitrator issues a ruling, the parties must accept the outcome, and courts will generally enforce the award without reviewing the merits of the case. This clause ensures finality in dispute resolution, preventing prolonged legal battles and providing certainty and closure for both parties.
POPULAR SAMPLE Copied 2 times
Arbitration final and binding. 7.7.1 Any arbitral award shall be final and binding upon the parties thereto and shall be enforceable in accordance with its terms. Each party irrevocably undertakes that it will execute and perform the arbitral award fully and without delay and waives any right of appeal against the award.
7.7.2 None of the Parties shall seek to commence any judicial proceeding with a view to appealing, reviewing or setting aside any arbitral award. All rights of appeal or judicial review of any arbitral award as would otherwise be exercisable by a Party are hereby excluded to the fullest extent permitted.
Arbitration final and binding. The decision by the arbitrator shall be final and binding and not subject to any administrative or judicial appeal or review of any kind except pursuant to California Code of Civil Procedure Section 1286.2.
Arbitration final and binding. The decision of the arbitrator shall be final and binding on all parties. The arbitrator shall have no authority to add to, detract from or in any way modify, alter or amend the provisions of this Agreement.
Arbitration final and binding. Any dispute between the Guarantee Holder and MIGA arising out of or in connection with this Contract shall be settled by final and binding arbitration in accordance with the MIGA Rules of Arbitration.
Arbitration final and binding. Any award rendered by the arbitrator shall be final and binding upon the parties and judgment may be entered on it in any court of competent jurisdiction.