Common use of Appeal of Decision Clause in Contracts

Appeal of Decision. The arbitrator’s decision is final and binding, except for any right of appeal provided by the FAA. However, if the amount of the dispute is greater than $7500, either you or we can appeal the award to a three-arbitrator panel administered by the selected Administrator which shall reconsider any aspect of the initial award requested by the appealing party.

Appeal of Decision. The arbitrator’s 's decision is final and binding, except for any right of appeal provided by the FAA. However, if the amount of the dispute is greater than $7500, either you or we I can appeal the award to a three-arbitrator panel administered by the selected Administrator which shall reconsider any aspect of the initial award requested by the appealing party.