Common use of Referee's Decision Clause in Contracts

Referee's Decision. The Referee will render their decision in writing, with detailed reasons, and shall provide a copy of the decision to each Party within 5 Business Days of the BAFO Submission Date or such later date as the Parties may agree in writing (the “Referee Review Period”). The Referee’s decision (unless otherwise expressly agreed by the Parties in writing) shall be based on one Party’s BAFO and shall not be based on or influenced by any matter or consideration other than may be contained in the successful Party’s BAFO.

Referee's Decision. The Referee will render their his or her decision in writing, with detailed reasons, and shall provide a copy of the decision to each Party within 5 Business Days of the BAFO Submission Date or such later date as the Parties may agree in writing (the “Referee Review Period”). The Referee’s decision (unless otherwise expressly agreed by the Parties in writing) shall be based on one Party’s BAFO and shall not be based on or influenced by any matter or consideration other than may be contained in the successful Party’s BAFO.