Common use of Award; Timing Clause in Contracts

Award; Timing. The arbitration award shall be made within thirty (30) days of the appointment of the chairman, and the arbitrators shall agree to comply with this schedule before accepting appointment. If the arbitration award is not made within thirty (30) days of the appointment of the chairman, then either Party may terminate the arbitration proceeding upon prior notice to the other Party, and the dispute will thereafter be resolved by legal proceedings in court.