AWARDS ARE BINDING Clause Samples
The "Awards Are Binding" clause establishes that any decision or award issued by an arbitrator or arbitration panel is final and legally enforceable on all parties involved. In practice, this means that once an arbitration award is rendered, the parties must comply with its terms, and the award can typically be entered as a judgment in court if necessary. This clause ensures that the arbitration process leads to a definitive resolution, preventing parties from disregarding the outcome and reducing the likelihood of prolonged disputes.
AWARDS ARE BINDING. 19.1 Subject to rights to appeal or apply to set aside an award under sections 45 and 46 (respectively) of the Arbitration Act, and subject to any other applicable provisions of the Arbitration Act and the Family Law Act, all awards of the PC shall be binding upon the parents. Any temporary, interim or final award may be incorporated into a consent order of the Ontario Superior Court of Justice. Either parent may apply for the enforcement of any award under section 59.8(5) (a) of the Family Law Act.
19.2 Upon the request of either parent, the PC shall issue an award incorporating the terms of any agreement reached by the parents.
AWARDS ARE BINDING. 16.1 Subject to rights to appeal or apply to set aside an award under sections 45 and 46 of the Arbitration Act, and subject to any other applicable provisions of the Arbitration Act and the Family Law Act, all Awards of the PC shall be binding upon the parents. Any temporary, interim or final Award may be incorporated into a consent order of the Ontario Superior Court of Justice. Either parent may apply for the enforcement of an Award under the Family Law Act.