Arbitrage Definition With Reference In Arizona
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement outlines the process for resolving disputes related to the sale and financing of a manufactured home in Arizona. It defines 'arbitrage' as the resolution of various claims through a binding arbitration process governed by the Federal Arbitration Act. Key features include the initiation of arbitration by sending a written notice, adherence to the American Arbitration Association's (AAA) rules, and the selection of arbitrators based on specific qualifications. The form mandates that arbitration be the exclusive method for resolving disputes, waiving the right to a jury trial. It specifies the distribution of arbitration costs and the protocol for cases under and over twenty thousand dollars. The form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure and guidelines for navigating arbitration, thereby streamlining legal processes and enhancing compliance with state regulations. Additionally, the agreement recognizes the rights of parties to engage in informal dispute resolution with state agencies before proceeding to arbitration.
Free preview
