Binding Decisions. The decision or award rendered or made in connection with the arbitration shall be final and binding upon the parties thereto. The prevailing party may present the decision or award to any court of competent jurisdiction for confirmation, and such court shall enter forthwith an order confirming such decision or award. The arbitration award shall allocate the expenses of the arbitrator(s) and of the arbitration, between the parties in a manner corresponding to the extent to which one (1) party prevails over the other.
Appears in 9 contracts
Samples: Procurement Agreement (Opnext Inc), Research and Development Agreement (Opnext Inc), Research and Development (Opnext Inc)
Binding Decisions. The decision or award rendered or made in connection with the arbitration shall be final and binding upon the parties thereto. The prevailing party may present the decision or award to any court of competent jurisdiction for confirmationconfirmation pursuant to the provisions of the Federal Arbitration Act, 9 U.S.C.ss.ss.1-14, and such court shall enter forthwith an order confirming such decision or award. The arbitration award shall allocate the expenses of the arbitrator(s) and of the arbitration, between the parties in a manner corresponding to the extent to which one (1) party prevails over the other.
Appears in 2 contracts
Samples: Finance and Accounting Business Process and Support Services Agreement (Equifax Inc), Human Resources Business Process and Support Services Agreement (Equifax Inc)
Binding Decisions. The decision or award rendered or made in connection with the arbitration shall be final and binding upon the parties thereto. The prevailing party may present the decision or award to any court of competent jurisdiction for confirmationconfirmation pursuant to the provisions of the Federal Arbitration Act, 9 U.S.C. §§ 1-14, and such court shall enter forthwith an order confirming such decision or award. The arbitration award shall allocate the expenses of the arbitrator(s) and of the arbitration, between the parties in a manner corresponding to the extent to which one (1) party prevails over the other.
Appears in 2 contracts
Samples: Intellectual Property Exclusive License Agreement (Heelys, Inc.), Banking Information Technology Services Agreement (Riggs National Corp)
Binding Decisions. The decision or award rendered or made in connection with the arbitration shall be final and binding upon the parties Parties thereto. The prevailing party Party may present the decision or award to any court of competent jurisdiction for confirmationconfirmation pursuant to the provisions of the Federal Arbitration Act, 9 U.S.C. §§ 1-14, and such court shall enter forthwith an order confirming such decision or award. The arbitration award losing Party shall allocate the expenses of the arbitrator(s) and pay all costs of the arbitration. In addition, between the parties in a manner corresponding panel shall award to the extent to which one (1) party prevails over the otherprevailing Party its reasonable attorneys’ fees.
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