Jurisdiction; Enforceability. Section 4.01 By execution and delivery of this Agreement, each Party consents, for itself and in respect of its property, to the exclusive jurisdiction of the Vaad with respect to the issues set forth in Section 1.02. Each of the Parties agrees that he or she will not commence any action or proceeding relating to such issues in any court, rabbinical court or arbitration forum other than the Vaad. This Agreement constitutes a fully enforceable arbitration agreement, and any decision issued pursuant to this Agreement shall be fully enforceable in secular court. Should any provision of this Agreement be deemed unenforceable, all other provisions shall continue to be enforceable to the maximum extent permitted by applicable law. As a matter of Jewish law, the Parties agree that to effectuate this Agreement they accept now (through the Jewish law mechanism of Xxx xx) whatever minority views determined by the Vaad are needed to effectuate the obligations, procedures and jurisdictional mandates contained in this Agreement.
Appears in 7 contracts
Samples: Arbitration Agreement, Arbitration Agreement, Arbitration Agreement
