Examples Of When Arbitration Is Used In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a legally binding contract between the purchaser(s) of a manufactured home and the retailer, facilitating dispute resolution via arbitration rather than litigation. Common examples of when arbitration is used in Broward include disputes arising from sales contracts, occupancy issues, or financing disagreements related to the purchase of manufactured homes. This form outlines the claims and controversies that can be addressed through binding arbitration, governed by the American Arbitration Association's Commercial Arbitration Rules. Users must provide a written notice to initiate arbitration, detailing the nature of the dispute and the remedy sought. For claims under twenty thousand dollars, a single arbitrator is utilized, while claims exceeding this amount require a panel of three arbitrators. The responsibilities and rights regarding arbitration differ significantly from those in court, including the waiver of a jury trial. Legal professionals—attorneys, partners, owners, associates, paralegals, and legal assistants—should utilize this form to ensure their clients understand the arbitration process and effectively enforce their rights in disputes. It is crucial to guide clients through the filling and editing of this form, emphasizing the need for clarity and adherence to the regulations set forth in the Federal Arbitration Act.
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