Arbitrage Definition In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a legally binding document that outlines the terms under which disputes related to the sale and purchase of a manufactured home must be resolved through arbitration instead of traditional court proceedings. This agreement emphasizes that it is part of a broader sales contract and is governed by the Federal Arbitration Act. Key features include the types of disputes covered, the arbitration process, and the selection of arbitrators based on the amount of the claim. Users are instructed to provide written notice to initiate arbitration and must include specific information about the claim. This document chiefly serves attorneys, partners, owners, associates, paralegals, and legal assistants, providing them a structured approach to resolving real estate related disputes efficiently. The form ensures that all parties understand their rights, especially the waiver of a jury trial. It is particularly useful for those involved in transactions that fall under interstate commerce regulations.
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