Expedited Binding Arbitration Clause Samples
The Expedited Binding Arbitration clause establishes a process for resolving disputes quickly and definitively through arbitration, rather than through lengthy court proceedings. Under this clause, parties agree to submit their disagreements to an arbitrator or arbitration panel, with strict timelines and streamlined procedures to ensure a swift resolution. This approach is typically used to minimize delays and legal costs, providing both parties with a binding decision that cannot be appealed. Its core function is to offer an efficient and final method for settling disputes, reducing uncertainty and avoiding protracted litigation.
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Expedited Binding Arbitration. The procedural rules set forth in Section 17.5 will apply, subject to the following differences: (i) the petition for arbitration must be filed within forty-five (45) days of the Notice of Re-Opener; (ii) the responding Party must file a response within ten (10) days; (iii) arbitration hearing will be set for a date that falls within sixty (60) days of the filing of the petition for arbitration; and (iv) the arbitrator, in reaching its decision, will consider, without limitation, the extent to which SMUD is entitled to temporarily suspend its performance of the provisions specified in its Notice of Re- Opener, and the extent to which such temporary suspension will cause irreparable injury to the El Dorado Parties.
Expedited Binding Arbitration. The Parties agree that there shall be expedited arbitration pursuant to this Article 19 to be completed in not more than ninety (90) days where there is a genuine issue with respect to the following events:
(i) if AMIT or LMGC is enjoined pursuant to a temporary injunction of the Ontario Court (General Division) or the Federal Court of Canada or any other Court in the World;
(ii) if LMGC fails to pay the amounts due under Article 6;
(iii) if LMGC uses or licenses the use of the AMIT Know How outside the Territory contrary to Articles 2 or 3;
(iv) if AMIT uses or licenses the use of the AMIT Know How and/or the Programme inside the Territory contrary to Article 2; or
(v) if the Related Agreements are or one of them is terminated by any of the parties thereto.
Expedited Binding Arbitration. Buyer, Owner, and Seller agree that any dispute regarding this Agreement or dispute over the final terms and conditions of the PSA will be settled by binding arbitration according to the rules of the American Arbitration Association (the “AAA”) conducted in Miami, Florida by the AAA. The parties agree to expedite the necessary arbitration as quickly as the rules of the AAA permit. The parties agree to mutually select the arbitrator or the will promptly notify the AAA they are unable to agree and the AAA will select an arbitrator with 20 plus years of experience in complex commercial asset purchases or business acquisitions. The parties agree to follow and implement the fmal ruling of the Arbitrator without recourse to an appeal or the necessity of the prevailing party having to file the ruling with the circuit court to have the ruling converted into a fmal judgment. This provision is a material consideration in the parties entering into this agreement.
Expedited Binding Arbitration. A. When arbitration is invoked in accordance with section 18.1(A) of this Article, a request may be made in writing by the Party invoking arbitration that an expedited method of arbitration be substituted for the normal procedure.
B. All issues may be subject to expedited arbitration only by mutual consent of the Parties.
C. The arbitrator will be informed of the name(s) and title(s) of the representatives of the Parties, identification of the action(s) being appealed, requested date for hearing, and the place and time of hearing. The hearing will take place as soon as possible.
D. The arbitration hearing in this expedited method will be conducted as follows:
1. The hearing will be informal;
2. No briefs will be filed or transcripts made;
3. Formal rules of evidence will not apply;
E. Representatives of the Union and the Agency will present their respective cases; and
F. The arbitrator bears the responsibility for a fair hearing, at which all necessary facts and considerations are presented.
G. Decisions rendered under this expedited arbitration procedure will be binding but not be precedent-setting, insofar as such decisions will not be cited in the presentation of future grievances or arbitration cases.
Expedited Binding Arbitration. 24 20 MISCELLANEOUS ......................................................... 25 20.1 Name, Captions ............................................ 25 20.2 Entire Agreement and Relationship Between the Parties ..... 25 20.3 Amendments ................................................ 25 20.4 Severability .............................................. 25 20.5 Specific Performance/Injunctive Relief .................... 26 20.6
Expedited Binding Arbitration. The Parties agree that there shall be expedited arbitration pursuant to this Article 19 to be completed in not more than ninety (90) days where there is a genuine issue with respect to the following events:
(i) if AMIT or ADSC is enjoined pursuant to a temporary injunction of the Ontario Court (General Division) or the Federal Court of Canada or' any other Court in the World;
(ii) if ADSC uses or licenses the use of the AMIT Know How outside the Territory contrary to Articles 2 or 3;
(iii) if AMIT uses or licenses the use of the AMIT Know How and/or the Programme inside the Territory contrary to Article 2; or
Expedited Binding Arbitration. Buyer and Seller agree that any and all disputes of whatever kind and nature regarding this Agreement, including the Parties’ inability to agree on a valuation expert, the Per Share Factor, the Appraised Value Denominator, or any other term essential to consummation of the contemplated transaction, or the terms and conditions of the definitive purchase and sale agreement shall be settled through expedited binding arbitration according to the rules of the American Arbitration Association (the “AAA”) conducted in Miami, Florida by the AAA. The parties agree to expedite the necessary arbitration as quickly as the rules of AAA permit. The parties agree to mutually select the arbitrator or the will promptly notify the AAA they are unable to agree and the AAA will select an arbitrator with 20 plus years of experience in complex commercial asset purchases and business acquisitions. The parties agree to follow and implement the final ruling of the Arbitrator without recourse to an appeal or the necessity of the prevailing party having to file the ruling with the circuit court to have the ruling converted into a final judgment. This provision is a material consideration in the parties entering into this agreement.
Expedited Binding Arbitration. The Parties agree that there shall be expedited arbitration pursuant to this Article 19 to be completed in not more than ninety (90) days where there is a genuine issue with respect to the following events:
(i) if AMIH or ADSC is enjoined pursuant to a temporary injunction of one or more Courts;
(ii) if ADSC uses or licenses the use of the AMIH Marks outside the Territory contrary to Articles 2 or 3;
(iii) if AMIH uses or licenses the use of the AMIH Marks inside the Territory contrary to Articles 2 or 3; or
(iv) if the Related Agreements are or one of them is terminated by any of the parties thereto.