Common use of Appeal of Arbitration Award Clause in Contracts

Appeal of Arbitration Award. In the event a Party believes there is a clear error of law and within thirty (30) days of receipt of an Award of $250,000 or more (which shall not be binding if an appeal is taken), a Party may notify the AAA of its intention to appeal the Award to a second Arbitrator (the “Appeal Arbitrator”), designated in the same manner as the Arbitrator except that the Appeal Arbitrator must have at least twenty (20) years’ experience in the active practice of law or as a judge. The Award, as confirmed, modified or replaced by the Appeal Arbitrator, shall be final and binding, and judgment thereon may be entered by any court having jurisdiction thereof. No other arbitration appeals may be made.

Appears in 5 contracts

Samples: Laboratory Services Agreement, Medicaid Facility Services Agreement, Services and Supports Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!