Common use of Decision; Enforcement Clause in Contracts

Decision; Enforcement. The decision of the arbitrator shall be the sole and exclusive remedy of the Parties, shall be final and shall be fully and irrevocably accepted by the Parties. The arbitrator shall announce his/her decision and award, and the reasons therefor, in writing. The prevailing Party may enforce such decision against the other Party in any court having jurisdiction. In any arbitration proceeding hereunder, the arbitrator will not have the right to modify the terms and conditions of this Agreement. The Parties will exert reasonable efforts to have the decision and award rendered within six (6) months after a Party commences the arbitration proceeding.

Appears in 7 contracts

Samples: Distribution Agreement (Can-Fite BioPharma Ltd.), License Agreement (BioLineRx Ltd.), License Agreement (BioLineRx Ltd.)

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