Arbitrage Definition With Reference In California
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a binding contract between the purchaser(s) and the retailer concerning the purchase of a manufactured home in California. It defines 'arbitrage' in the context of resolving disputes related to the sales contract, emphasizing that arbitration is the chosen method for dispute resolution rather than court litigation. Key features include the requirement for written notice to initiate arbitration, the process for selecting arbitrators, and guidelines for claims under or over twenty thousand dollars. Users are instructed to complete the form with their signatures and ensure all parties receive copies. This Agreement allows for efficient dispute resolution while waiving rights to a jury trial. It is useful for attorneys, paralegals, and legal assistants who support clients in understanding arbitration law and procedures. Partners and owners can utilize this form to facilitate smoother transactions and mitigate litigation risks, ensuring clarity and compliance with California regulations.
Free preview
