The Arbitration Agreement is a legal document designed for purchasers of manufactured homes in the Bronx. It outlines that any disputes regarding the sale, purchase, occupancy, or financing of the home will be resolved through binding arbitration instead of court proceedings, protecting both the purchaser and retailer under the Federal Arbitration Act. The agreement specifies that arbitration is administered by the American Arbitration Association, with claims under $20,000 handled by a single arbitrator and larger claims by a panel of three. Users must send a written Notice of their intention to arbitrate, detailing the claim, to both the retailer and the AAA. Importantly, it waives the right to a jury trial, emphasizing the parties' commitment to resolving disputes outside of court. This form is especially valuable for attorneys, partners, owners, associates, paralegals, and legal assistants as it facilitates a clearer pathway for dispute resolution while ensuring compliance with relevant regulations. It is crucial for those filling out the form to clearly document their claims and maintain open communication with involved parties.