Arbitration With American Home Shield In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement for Arbitration with American Home Shield in Dallas establishes a binding arbitration process for disputes arising from the sale or purchase of a manufactured home. This agreement is executed alongside an installment or sales contract and is governed by the Federal Arbitration Act. It allows any party involved, including the retailer, purchaser, and manufacturers, to submit disputes to the American Arbitration Association under their Commercial Arbitration Rules. The form outlines the procedure for initiating arbitration, including the requirement for written notice and specifies the arbitration panel composition based on the claim amount. Importantly, it emphasizes that the parties waive their right to a jury trial, acknowledging that arbitration operates under different rules than traditional court processes. The target audience of this form includes attorneys, partners, owners, associates, paralegals, and legal assistants who may utilize it to manage client disputes effectively, ensuring compliance and understanding of arbitration procedures. This agreement serves as a crucial tool for legal professionals dealing with real estate transactions, particularly in facilitating resolutions in a structured and less formal setting.
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