Common use of Final & Binding Clause in Contracts

Final & Binding. Subject to the Code, the Parties hereto agree that the award and determination of the arbitration tribunal shall be: 16.8.1 final and binding on both Parties; 16.8.2 without right of appeal; 16.8.3 the exclusive remedy between the Parties, regarding any claims, counterclaims, issues or accountings presented or pled to the arbitration tribunal, and the judgment upon the award rendered by the arbitration tribunal may be entered in any Court having jurisdiction thereof or having jurisdiction over either of the Parties.