Arbitration Hearing Example In Bronx
Category:
State:
Multi-State
County:
Bronx
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement addresses the binding resolution of disputes related to the purchase of a manufactured home in Bronx through arbitration rather than court litigation. It outlines that both the purchaser and retailer, along with other entities involved, agree to submit to arbitration for any claims arising from the sales contract. Key features of the form include the requirement for written notice to initiate arbitration, the selection of arbitrators, and the process for resolving disputes with the American Arbitration Association. For claims under Twenty Thousand Dollars, a single arbitrator is used, while claims above this threshold require a panel of three arbitrators. Users should carefully fill in the necessary details, including the retailer's and purchaser's information, to ensure its enforceability. This form is particularly useful for attorneys and paralegals advising clients on contractual negotiations or dispute resolution, as well as partners, owners, associates, and legal assistants involved in the purchase and sale of manufactured homes. It provides essential guidance on ensuring compliance with arbitration requirements and emphasizes the importance of understanding the rights waived in adopting arbitration over litigation.
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