This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Examples Of When Arbitration Is Used In Alameda
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State:
Multi-State
County:
Alameda
Control #:
US-00416-1
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Word;
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Arbitration is effective when the parties want someone other than themselves to decide the outcome. Private Arbitration (binding and non-binding) occurs when parties involved in a dispute either agree or are contractually obligated.Arbitration is essentially a paid private trial, in other words, a method to resolve disputes without going to court. The most common forms of ADR are mediation, arbitration, and neutral evaluation. There are a number of other kinds of ADR as well. Who will arbitrate disputes? For example, must you use an arbitrator from the AAA or JAMS? A vacancy in the office of Mayor shall be filled in the manner set forth in Section 2-7 of this Charter.