Arbitration With Lowes In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a legal document executed in conjunction with a sales contract for purchasing a manufactured home from a retailer. This agreement serves as a binding mechanism for resolving disputes related to the sale, purchase, or occupancy of the home, and it is governed by the Federal Arbitration Act. Key features include the obligation for both the purchaser and retailer to submit any claims or disputes to binding arbitration, with the possibility of involving manufacturers and financing entities. The process requires written notice of intent to initiate arbitration, specifying the nature of the claim and the requested remedy. For claims under twenty thousand dollars, arbitration is conducted by a single arbitrator, while claims over that amount are handled by a three-arbitrator panel. The agreement also clarifies that arbitration procedures differ from court proceedings, waiving the right to a jury trial. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants who deal with consumer disputes or represent clients in arbitration matters, as it outlines essential steps for initiating arbitration and specifies the rules governing the process.
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