Arbitrage Definition In California

• Category: Arbitration and Mediation - Arbitration
• State: Multi-State
• Control #: US-00416-1
• Format: Word; Rich Text

Description

The Arbitration Agreement outlines the process for resolving disputes related to the sale, purchase, or occupancy of a manufactured home in California. It defines arbitrage as a binding method for settling claims instead of pursuing litigation in court, thus waiving the right to a jury trial. This Agreement applies to Purchasers, Retailers, manufacturers, and financing entities involved in the transaction. The arbitration will follow the American Arbitration Association's Commercial Arbitration Rules, and depends on the amount in dispute—less than or more than twenty thousand dollars. Filling out the form requires clear identification of the parties involved, including signature lines for both the Retailer and Purchaser(s). Users must also provide a notice of intent to arbitrate, detailing the claim and desired remedy. This Agreement is particularly useful for attorneys, partners, and paralegals, as it establishes a formal framework for dispute resolution that is more efficient than court litigation. Legal assistants will find the clear structure helpful for processing and managing case documentation, while owners and associates benefit from understanding their rights and obligations under this Agreement.