Arbitrage Definition With Reference In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a binding document executed alongside an installment or sales contract concerning the purchase of a manufactured home in Bronx. It stipulates that all disputes, claims, and controversies arising from the sale and financing of the home will be resolved through binding arbitration, following the guidelines set forth by the Federal Arbitration Act and the American Arbitration Association. Key features include the requirement for parties to provide written notice to initiate arbitration, the possibility of selecting either a single arbitrator or a panel of three depending on the claim amount, and the waiver of the right to jury trials. This agreement is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who need to ensure that their clients understand the implications and processes involved in arbitration. Filling instructions emphasize that parties must accurately specify the claims in their notices and adhere to the arbitration rules provided by the AAA. This document is particularly useful for those involved in real estate transactions or consumer protection cases, as it emphasizes the need for pre-arbitration inspections when necessary.
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