Common use of Binding Arbitration for Disputes Clause in Contracts

Binding Arbitration for Disputes. Except as expressly described above, the parties agree that the sole remedy for resolution of any and all disagreements or disputes arising under or related to this agreement (including, but not limited to, any statutory or tort claims arising from the relationship between the parties and existing patent validity or infringement disputes) shall be through arbitration conducted by one arbitrator under the Commercial Arbitration Rules of the American Arbitration Association (the arbitration shall be conducted in Franklin County, Ohio); provided further that Purchaser consents to enforcement of the obligation to arbitrate disputes in any state or federal court and expressly waives the defenses of personal jurisdiction and venue with respect to any such action. The decision and award determined through arbitration shall be final and binding upon the parties. Judgment upon the arbitration award may be entered and enforced in any court having jurisdiction. The parties agree that any arbitration conducted under this Agreement is governed by the Federal Arbitration Act, 9 United Sates Code §§ 1-16, as now existing or amended in the future.