This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
In commercial litigation, arbitration clauses are not severable if the dispute's sole cause of action seeks to rescind the entire contract. An arbitration agreement is a provision in a contract that stipulates that any disputes arising from the contract will be resolved through arbitration.Arbitration is a quicker and less expensive option than litigation. Should you be involved in a dispute, you will need an experienced arbitrator. Call - Mavrick Law Firm helps companies with business matters in Commercial Arbitration and Corporate Dispute law. Step 2 — Fill out Forms. This article advocates against the use of pre-dispute binding arbitration agreements as a condition precedent to receiving medical care.