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.
Arbitration Definition With Example In Clark
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State:
Multi-State
County:
Clark
Control #:
US-00416-1
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Word;
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Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure.Any civil, non-domestic action, other than an appeal from a court of limited jurisdiction, is subject to arbitration under this statute. Arbitration is a mechanism for resolving disputes between investors and brokers, or between brokers.