The Arbitration Agreement is a crucial legal document designed for the purchase of a manufactured home in Broward, establishing the conditions for binding arbitration in case of disputes. This agreement is executed simultaneously with the sales contract and serves as a binding commitment for all parties involved, including the purchaser, retailer, and manufacturers. Key features include a clear stipulation that any claims or controversies related to the contract will be resolved through arbitration, administered by the American Arbitration Association under its Commercial Arbitration Rules. Both parties must send a written notice to initiate arbitration, and specific conditions dictate the number of arbitrators based on the claim amount. Importantly, this Agreement includes a waiver of the right to a jury trial, emphasizing the preference for arbitration over traditional legal proceedings. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for managing disputes efficiently and ensuring compliance with arbitration protocols, thus protecting their clients' rights while expediting resolution processes.