{"component": "clause", "props": {"groups": [{"size": 7, "samples": [{"hash": "6etn6E6nycC", "uri": "/contracts/6etn6E6nycC#final-and-binding-effect", "label": "Retirement Agreement (Mayville Engineering Company, Inc.)", "score": 31.2464065552, "published": true}], "snippet": "Mr. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587erstands that if this Agreement becomes effective it will have a final and binding effect, and that by signing and not timely revoking this Agreement he may be giving up legal rights.", "snippet_links": [{"key": "agreement-becomes-effective", "type": "clause", "offset": [38, 65]}, {"key": "by-signing", "type": "clause", "offset": [116, 126]}, {"key": "legal-rights", "type": "definition", "offset": [186, 198]}], "hash": "5bcb43f63144bccf44460d73875a17f5", "id": 3}, {"size": 12, "samples": [{"hash": "iRdhpUwyDw8", "uri": "/contracts/iRdhpUwyDw8#final-and-binding-effect", "label": "Separation Agreement (Mativ Holdings, Inc.)", "score": 37.0355911255, "published": true}, {"hash": "8GxCrrwvOMl", "uri": "/contracts/8GxCrrwvOMl#final-and-binding-effect", "label": "Separation Agreement (Mativ Holdings, Inc.)", "score": 36.3894577026, "published": true}, {"hash": "ejQqZVSXvHq", "uri": "/contracts/ejQqZVSXvHq#final-and-binding-effect", "label": "Separation Agreement (Mativ Holdings, Inc.)", "score": 36.1895942688, "published": true}], "snippet": "Employee understands that if this Agreement becomes effective, it will have a final and binding effect, and that by executing and not timely revoking this Agreement, Employee may be giving up legal rights.", "snippet_links": [{"key": "employee-understands", "type": "clause", "offset": [0, 20]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [34, 61]}, {"key": "legal-rights", "type": "definition", "offset": [192, 204]}], "hash": "b25667dfec8931e484b45a3b701a474b", "id": 1}, {"size": 10, "samples": [{"hash": "lHPsaSVW3so", "uri": "/contracts/lHPsaSVW3so#final-and-binding-effect", "label": "Separation Agreement (Spectrum Brands Holdings, Inc.)", "score": 34.879535675, "published": true}, {"hash": "gt4pjWTuH5B", "uri": "/contracts/gt4pjWTuH5B#final-and-binding-effect", "label": "Separation Agreement (SB/RH Holdings, LLC)", "score": 31.8898010254, "published": true}, {"hash": "4hsIU9nFMDp", "uri": "/contracts/4hsIU9nFMDp#final-and-binding-effect", "label": "Separation Agreement (SB/RH Holdings, LLC)", "score": 31.8898010254, "published": true}], "snippet": "I understand that if this Agreement becomes effective it will have a final and binding effect and that by signing and not timely revoking this Agreement I may be giving up legal rights.", "snippet_links": [{"key": "i-understand", "type": "clause", "offset": [0, 12]}, {"key": "agreement-becomes-effective", "type": "clause", "offset": [26, 53]}, {"key": "by-signing", "type": "clause", "offset": [103, 113]}, {"key": "legal-rights", "type": "definition", "offset": [172, 184]}], "hash": "19b3105bff50c307c1c53a8982d863c2", "id": 2}, {"size": 4, "samples": [{"hash": "hi4qOxhhV5V", "uri": "/contracts/hi4qOxhhV5V#final-and-binding-effect", "label": "Executive Employment and Severance Agreement (Whiting Petroleum Corp)", "score": 31.6666660309, "published": true}, {"hash": "6reWWmxreom", "uri": "/contracts/6reWWmxreom#final-and-binding-effect", "label": "Executive Employment and Severance Agreement (Whiting Petroleum Corp)", "score": 31.6666660309, "published": true}, {"hash": "4q3BeR2baEM", "uri": "/contracts/4q3BeR2baEM#final-and-binding-effect", "label": "Executive Employment and Severance Agreement (Whiting Petroleum Corp)", "score": 31.6666660309, "published": true}], "snippet": "Executive understands that if he signs this Agreement, returns it to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 and fails to revoke it consistent with this paragraph 18, it will have a final and binding effect and that by signing and returning this Agreement (and not revoking it) he may be giving up legal rights. Executive also acknowledges that this Agreement may be signed in counter-parts (meaning by him and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 separately) and that facsimile, copy or PDF copy signatures shall be treated as valid as original signatures.", "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [39, 53]}, {"key": "consistent-with", "type": "clause", "offset": [100, 115]}, {"key": "by-signing", "type": "clause", "offset": [184, 194]}, {"key": "legal-rights", "type": "definition", "offset": [266, 278]}, {"key": "signed-in", "type": "clause", "offset": [335, 344]}, {"key": "original-signatures", "type": "clause", "offset": [476, 495]}], "hash": "9e95f3e708e628416ee48be279e11241", "id": 4}, {"size": 4, "samples": [{"hash": "gY12eIJf16P", "uri": "/contracts/gY12eIJf16P#final-and-binding-effect", "label": "Executive Employment and Severance Agreement (Whiting Petroleum Corp)", "score": 29.8706359863, "published": true}, {"hash": "aSeTBDkUBkh", "uri": "/contracts/aSeTBDkUBkh#final-and-binding-effect", "label": "Employment Agreement (Whiting Petroleum Corp)", "score": 29.6255989075, "published": true}, {"hash": "3d94v9RxJ7R", "uri": "/contracts/3d94v9RxJ7R#final-and-binding-effect", "label": "Executive Employment and Severance Agreement (Whiting Petroleum Corp)", "score": 28.8165645599, "published": true}], "snippet": "\u2587\u2587\u2587\u2587\u2587 understands that if he signs this Agreement, returns it to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Petroleum, and fails to revoke it consistent with paragraph 18, it will have a final and binding effect and that by signing and returning this Agreement (and not revoking it) he may be giving up legal rights. \u2587\u2587\u2587\u2587\u2587 also acknowledges that this Agreement may be signed in counter-parts (meaning by him and \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Petroleum separately) and that facsimile, copy or PDF copy signatures shall be treated as just as valid as original signatures.", "snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [35, 49]}, {"key": "consistent-with", "type": "clause", "offset": [107, 122]}, {"key": "by-signing", "type": "clause", "offset": [186, 196]}, {"key": "legal-rights", "type": "definition", "offset": [268, 280]}, {"key": "signed-in", "type": "clause", "offset": [333, 342]}, {"key": "original-signatures", "type": "clause", "offset": [492, 511]}], "hash": "e817ac9f33d616be314f790ff1ce8556", "id": 5}, {"size": 2, "samples": [{"hash": "f4VzMPwBTf2", "uri": "/contracts/f4VzMPwBTf2#final-and-binding-effect", "label": "Software Publishing and Distribution Agreement (Red Mile Entertainment Inc)", "score": 21.0, "published": true}, {"hash": "4MQmTKp1xBC", "uri": "/contracts/4MQmTKp1xBC#final-and-binding-effect", "label": "Software Publishing and Distribution Agreement (Edmonds 1 Inc.)", "score": 21.0, "published": true}], "snippet": "RED MILE shall be deemed to have consented to all Royalty Statements and all other accountings rendered by STRATEGY hereunder, and each such Royalty Statement or other accounting shall be conclusive, final and binding, shall constitute an account stated and shall not be subject to any questions for any reason whatsoever, unless specific objection in writing, setting forth the basis thereof, is given by RED MILE to STRATEGY within two (2) years after RED MILE\u2019s actual examination of the Royalty Statements, if any, pursuant to this Agreement. No action, suit, or proceeding of any nature with respect to any Royalty Statement or other accounting rendered by STRATEGY hereunder may be maintained against STRATEGY unless such action, suit or proceeding is commenced against STRATEGY in a court of competent jurisdiction within two (2) years after RED MILE\u2019s actual examination of the Royalty Statements, if any, pursuant to this Agreement.", "snippet_links": [{"key": "consented-to", "type": "definition", "offset": [33, 45]}, {"key": "royalty-statements", "type": "clause", "offset": [50, 68]}, {"key": "final-and-binding", "type": "definition", "offset": [200, 217]}, {"key": "account-stated", "type": "clause", "offset": [239, 253]}, {"key": "subject-to", "type": "definition", "offset": [271, 281]}, {"key": "for-any-reason", "type": "clause", "offset": [296, 310]}, {"key": "in-writing", "type": "definition", "offset": [349, 359]}, {"key": "the-basis", "type": "clause", "offset": [375, 384]}, {"key": "the-royalty", "type": "clause", "offset": [487, 498]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [519, 545]}, {"key": "no-action", "type": "definition", "offset": [547, 556]}, {"key": "with-respect-to", "type": "clause", "offset": [592, 607]}, {"key": "suit-or-proceeding", "type": "clause", "offset": [736, 754]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [790, 821]}], "hash": "812b95dab6b6c3f17958c42ec44c3c0e", "id": 6}, {"size": 2, "samples": [{"hash": "hewCJIvtBAT", "uri": "/contracts/hewCJIvtBAT#final-and-binding-effect", "label": "Shareholders' Agreement (UTi WORLDWIDE INC)", "score": 18.0, "published": true}], "snippet": "The arbitrator's decision, including his decision in relation to costs, shall be final and binding on all parties affected thereby, shall be carried into effect and may be made an order of any competent court at the instance of any of the parties.", "snippet_links": [{"key": "the-arbitrator", "type": "clause", "offset": [0, 14]}, {"key": "in-relation-to", "type": "clause", "offset": [50, 64]}, {"key": "final-and-binding", "type": "definition", "offset": [81, 98]}, {"key": "parties-affected", "type": "clause", "offset": [106, 122]}, {"key": "into-effect", "type": "clause", "offset": [149, 160]}, {"key": "order-of", "type": "clause", "offset": [180, 188]}, {"key": "competent-court", "type": "definition", "offset": [193, 208]}, {"key": "of-the-parties", "type": "clause", "offset": [232, 246]}], "hash": "6049f67ef32d663d105803ea24707fdd", "id": 7}, {"size": 2, "samples": [{"hash": "d8eAWjbG4FV", "uri": "/contracts/d8eAWjbG4FV#final-and-binding-effect", "label": "Membership Interest Purchase Agreement (Creative Media & Community Trust Corp)", "score": 37.0574948665, "published": true}], "snippet": "The Auditor\u2019s final determination with respect to the Closing Statement, including the Closing Purchase Price, shall be final and binding upon the Parties.", "snippet_links": [{"key": "the-auditor", "type": "clause", "offset": [0, 11]}, {"key": "final-determination", "type": "definition", "offset": [14, 33]}, {"key": "with-respect-to", "type": "clause", "offset": [34, 49]}, {"key": "the-closing-statement", "type": "clause", "offset": [50, 71]}, {"key": "the-closing-purchase-price", "type": "clause", "offset": [83, 109]}, {"key": "binding-upon", "type": "clause", "offset": [130, 142]}, {"key": "the-parties", "type": "definition", "offset": [143, 154]}], "hash": "b10056ee28ce0fe320a8ba5929ad9223", "id": 8}, {"size": 1, "samples": [{"hash": "aj6mjWZa5sL", "uri": "/contracts/aj6mjWZa5sL#final-and-binding-effect", "label": "Retirement and Transition Agreement (Douglas Dynamics, Inc)", "score": 33.3737182617, "published": true}], "snippet": "Bob understands that if this Agreement becomes effective it will have a final and binding effect and that by signing and not timely revoking this Agreement he may be giving up legal rights.", "snippet_links": [{"key": "agreement-becomes-effective", "type": "clause", "offset": [29, 56]}, {"key": "by-signing", "type": "clause", "offset": [106, 116]}, {"key": "legal-rights", "type": "definition", "offset": [176, 188]}], "hash": "21ae7a9ba9a6ab5e1d31d862a8208e6a", "id": 9}, {"size": 1, "samples": [{"hash": "448VryiaBce", "uri": "/contracts/448VryiaBce#final-and-binding-effect", "label": "Separation Agreement (Merge Healthcare Inc)", "score": 19.0, "published": true}], "snippet": "Norton understands that if this Agreement becomes effective it will have a final and binding effect and that by signing and not timely revoking this Agreement he may be giving up legal rights.", "snippet_links": [{"key": "agreement-becomes-effective", "type": "clause", "offset": [32, 59]}, {"key": "by-signing", "type": "clause", "offset": [109, 119]}, {"key": "legal-rights", "type": "definition", "offset": [179, 191]}], "hash": "36e052082644bd077659295d7d677f87", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiFmaW5hbC1hbmQtYmluZGluZy1lZmZlY3QjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Final and Binding Effect", "size": 48, "children": [], "parents": [["final-determination-by-third-party", "Final Determination by Third Party"], ["arbitration", "Arbitration"], ["counterparts", "Counterparts"], ["purchase-price-adjustment", "Purchase Price Adjustment"], ["reimbursement-of-attorneys-fees", "Reimbursement of Attorneys\u2019 Fees"]], "id": "final-and-binding-effect", "related": [["execution-and-binding-effect", "Execution and Binding Effect", "Execution and Binding Effect"], ["assignability-binding-effect", "Assignability; Binding Effect", "Assignability; Binding Effect"], ["assignability-and-binding-effect", "Assignability and Binding Effect", "Assignability and Binding Effect"], ["governing-law-binding-effect", "Governing Law; Binding Effect", "Governing Law; Binding Effect"], ["term-binding-effect", "Term; Binding Effect", "Term; Binding Effect"]], "related_snippets": [], "updated": "2026-01-24T04:39:55+00:00", "also_ask": ["What negotiation leverage exists to limit or clarify the scope of 'final and binding' determinations?", "What essential exceptions or carve-outs should be included to protect client interests?", "What are the most common enforceability challenges to 'final and binding' clauses in court?", "How does this clause interact with appeal rights or statutory review mechanisms?", "How do courts in relevant jurisdictions interpret and enforce 'final and binding' language compared to alternatives?"], "drafting_tip": "Specify the decisions covered, clarify exceptions, and state enforceability to prevent disputes, avoid ambiguity, and ensure the clause is upheld.", "explanation": "The \"Final and Binding Effect\" clause establishes that decisions, actions, or agreements made under the contract are conclusive and enforceable on all parties involved. In practice, this often means that outcomes from dispute resolution processes, such as arbitration or a designated authority's decision, cannot be appealed or contested further. This clause ensures certainty and closure by preventing ongoing disputes or challenges, thereby streamlining the resolution process and reducing the risk of prolonged litigation."}, "json": true, "cursor": ""}}