Common use of Arbitration Decision Clause in Contracts

Arbitration Decision. The arbitrator shall be requested to render a decision as quickly as possible, but in any event, no later than thirty (30) calendar days after the concluding of the hearing unless the parties agree otherwise. Only disputes involving the interpretation or application of a provision of this Agreement shall be subject to arbitration. The arbitrator shall have no power to add or subtract from or modify any of the terms of this Agreement, nor shall the arbitrator substitute the arbitrator’s discretion for that of the University or impose on either party a limitation or obligation not specifically required by the express language of this Agreement. The arbitrator’s decision shall address itself solely to the issues presented and shall not impose upon either party any restriction or obligation pertaining to any matter raised in the dispute which is not specifically related to the submitted issue or issues. The arbitrator’s decision shall be final and binding.

Arbitration Decision. The arbitrator shall be requested to render a decision as quickly as possible, but in any event, no later than thirty (30) calendar days after the concluding of the hearing unless the parties agree otherwise. Only disputes involving the interpretation or application of a provision of this Agreement shall be subject to arbitration. The arbitrator shall have no power to add or subtract from or modify any of the terms of this Agreement, nor shall the arbitrator substitute the arbitrator’s discretion for that of the University or impose on either party a limitation or obligation not specifically required by the express language of this Agreement. The arbitrator’s decision shall address itself solely to the issues presented and shall not impose upon either party any restriction or obligation pertaining to any matter raised in the dispute which is not specifically related to the submitted issue or issues. The Nothing shall preclude the parties from resolving the matter prior to the arbitrator issuing his/her decision. Otherwise, the arbitrator’s decision shall be final and binding.