Common use of The Arbitration Award Clause in Contracts

The Arbitration Award. a. The arbitrator shall issue his/her award after the conclusion of the arbitration unless otherwise agreed to by the Parties or otherwise specified by law. The award shall state the reasons for the award. b. The arbitration award shall be in writing and signed by the arbitrator. The decision will be in writing and signed by the arbitrator. Unless otherwise agreed to by the Parties, the decision will include a summary of claims arbitrated and decided, a reasoned opinion setting forth any findings of fact or conclusions of law, and damages and other relief (if any) granted. c. The arbitrator may impose any deemed necessary sanctions against either party, or the parties' lawyers for failure to comply with any of the terms and conditions of this Arbitration Agreement. d. The decision is final and binding on both parties and shall be executed in the manner required by law. Any appeal of the decision to a court shall be limited except in exceptional circumstances where the arbitrator is found to be fraudulent.

The Arbitration Award. a. 1. The arbitrator Arbitrator shall issue his/her award after within 30 days of the conclusion of the arbitration Arbitration hearing, unless otherwise agreed to by the Parties or otherwise specified by law. The award shall state the reasons for the award. b. 2. The arbitration Arbitration award shall be in writing and signed by the arbitratorArbitrator. The decision will be in writing and signed by the arbitrator. Unless otherwise agreed to by the Parties, the decision will include a summary of claims arbitrated and decided, a reasoned opinion setting forth any findings of fact or conclusions of law, and damages and other relief (if any) granted. c. 3. The arbitrator Arbitrator may impose any deemed necessary sanctions against either party, or the parties' lawyers for failure to comply with any of the terms and conditions of this Arbitration Agreement. d. 4. The decision is final and binding on both parties and shall be executed in the manner required by law. Any appeal of the decision to a court shall be limited except in exceptional circumstances where the arbitrator Arbitrator is found to be fraudulent.