Common use of THE PANEL'S DECISION AND AWARD Clause in Contracts

THE PANEL'S DECISION AND AWARD. Not later than 14 days after the completion of the final hearing, the Panel shall submit to each Partner a copy of its written decision and award on each arbitrated claim and dispute. The decision and award shall be concise, and shall include findings of fact, conclusions of law, and a reasoned decision. It also shall include the remedies in Article XI which are awarded, including the time and method for payment of all awards. All members of the Panel shall sign the decision and award. However, if a Panel member dissents in whole or in part from the decision and award, that member shall so indicate by appropriate notation thereon or by a separate signed, written dissenting opinion attached thereto within that same 14-day period. The decision and award shall be final, and judgment may be entered thereon in any court having jurisdiction thereof. Where required by applicable law, the decision and award shall be acknowledged, and a copy of the oaths of each Panel member shall be attached thereto.