Arbitration With Airbnb In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is designed for individuals purchasing manufactured homes and establishes a framework for resolving disputes through binding arbitration, rather than through the court system. It defines the roles of the Purchaser and Retailer and outlines the process that governs claims related to the sale, financing, and occupancy of the home. Notably, all claims are to be resolved under the American Arbitration Association's Commercial Arbitration Rules, with specific procedures for arbitration depending on the amount in dispute. The form specifies that any notice of intention to arbitrate must detail the nature of the claim and be served within the time limits set by applicable laws. The agreement emphasizes that both parties waive their right to a jury trial, highlighting the differences in rights and procedures when opting for arbitration. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful as it helps them navigate dispute resolution in real estate transactions and understand their clients' rights under the Federal Arbitration Act. Additionally, the clarity in filling out and executing the form supports legal professionals in advising clients with varying levels of experience in legal matters.
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