Arbitrator’s Decision Binding Sample Clauses

The "Arbitrator’s Decision Binding" clause establishes that the decision or award rendered by an arbitrator in a dispute is final and legally enforceable for both parties. In practice, this means that once the arbitrator issues a ruling, the parties must comply with it, and there are typically very limited grounds for appeal or review in court. This clause ensures that arbitration provides a definitive resolution to disputes, reducing the risk of prolonged litigation and promoting certainty and closure for all involved.
Arbitrator’s Decision Binding. A decision of the single arbitrator or of majority of the Board of Arbitration shall be final and binding on all parties involved.
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Arbitrator’s Decision Binding. The decision of the Arbitrator shall be final and binding on both Parties and shall not be subject to appeal, adjudication, arbitration, litigation or any other dispute resolution process, and both Parties expressly waive all rights of appeal in connection with the Arbitrator’s decision.; and
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Arbitrator’s Decision Binding. The decision of the arbitrator on any grievance submitted under this Article will be final and binding on all parties.
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Arbitrator’s Decision Binding. The decision of the arbitrator shall be final and binding. The arbitrator shall have no authority to add to, delete, or alter any provisions of this Agreement, but shall limit his/her decision to the application and interpretation of its expressed written provisions.
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Arbitrator’s Decision Binding the decision of the Arbitrator is final and binding on the parties; and
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Related to Arbitrator’s Decision Binding

  • Arbitrator’s Decision Within thirty (30) days after the appointment of the third arbitrator, the three (3) arbitrators shall decide whether the parties will use Landlord’s or Tenant’s submitted Fair Market Rental Value and shall notify Landlord and Tenant of their decision. The decision of the majority the three (3) arbitrators shall be binding on Landlord and Tenant.

  • Binding Decision The arbitrator shall hear and determine the grievance, and shall issue a decision which is final and binding on the Parties and any person affected by it.

  • Decision of Arbitrator The decision of the Arbitrator will be final, binding and enforceable on the parties. The Arbitrator will have the power to dispose of a dismissal, discharge or discipline grievance by any arrangement which they deem just and equitable. However, the Arbitrator will not have the power to change this agreement or to alter, modify or amend any of its provisions.

  • Failure to Comply with Arbitrator’s Decision 10.6.1 The award of such Arbitrator shall be final and binding upon the parties. 10.6.1 In the event that a Party fails to comply with a final and binding Arbitrator's decision, then the other Party may, without prejudice to any other rights it may have, refer the matter to a competent court of law.

  • Arbitrator's Powers This Arbitration Provision is made pursuant to a transaction involving interstate commerce and will be governed by and enforceable under the Federal Arbitration Act (the “FAA”). The arbitrator will apply substantive law consistent with the FAA and applicable statutes of limitations. The arbitrator may award damages or other types of relief permitted by applicable substantive law, subject to the limitations set forth in this Arbitration Provision. The arbitrator will not be bound by judicial rules of procedure and evidence that would apply in a court. The arbitrator will take steps to reasonably protect confidential information. In any arbitration arising out of or related to this Agreement, the arbitrator will apply the limitation of liability set forth above and, for the avoidance of doubt, is not empowered to award (a) punitive or exemplary Losses, except where permitted by statute, or (b) incidental, indirect or consequential Losses, or Losses for lost profits. The parties waive any right to recover all such Losses.