Common use of Binding Awards Clause in Contracts

Binding Awards. The arbitrators shall set forth in writing their findings of fact and conclusions of Law and shall render their award based thereon. The Parties agree that, as applicable, the award of a sole arbitrator, or a majority of the arbitrators shall become final and binding upon each of them on the thirtieth (30th) day following delivery to the Parties, and that, thereafter judgment upon the award may be entered in any court having jurisdiction thereof.

Binding Awards. The arbitrators shall set forth in writing their findings of fact and conclusions of Law law and shall render their award based thereon. The Parties parties agree that, as applicable, that the award of a sole arbitrator, or a majority of the arbitrators shall become final and binding upon each of them on the thirtieth twenty-first (30th21st) day following delivery to the Partiesparties, and that, subject to the provisions of Section 12.9, thereafter judgment upon the award may be entered in any court having jurisdiction thereof.