Common use of Decision and Award Clause in Contracts

Decision and Award. The Arbitrator shall render a decision and award as expeditiously as possible but in no event more than thirty (30) days after the close of the hearing. In making the award the Arbitrator shall rule on each disputed issue. Nothing contained herein shall be construed to permit the Arbitrator or any court or any other forum to award punitive, exemplary or any similar damages. By entering into the Agreement and exercising their rights to arbitrate, the parties expressly waive any claim for punitive, exemplary or any similar damages. The only damages recoverable under this Agreement are compensatory damages.

Decision and Award. The Arbitrator shall render a decision and award as expeditiously as possible possible, but in no event more than thirty (30) days Business Days after the close of the hearingHearing. In making the award award, the Arbitrator shall rule on each disputed issue. Nothing contained herein shall be construed to permit the Arbitrator or any court or any other forum to award punitive, exemplary or any similar damages. By entering into Subject to Section 11.3 of the Agreement and exercising their rights to arbitrateAgreement, the parties Parties expressly waive any claim for punitive, exemplary or any similar damages. The damages and the only damages recoverable under this Agreement are compensatory damages.