Arbitration Forums Jobs In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a binding contract in which the parties, including a purchaser and retailer involved in the sale of a manufactured home, agree to resolve disputes through arbitration rather than litigation. This agreement is governed by the Federal Arbitration Act and outlines that any disputes arising from the sale, purchase, or financing of the home will be arbitrated under the American Arbitration Association's Commercial Arbitration Rules. Key features include a requirement for written notice to initiate arbitration, the selection of arbitrators, and the equal sharing of arbitration costs between the parties. The agreement specifies different processes depending on the claim amount, with single arbitrators for amounts under twenty thousand dollars and a panel of three for higher claims. Additionally, it preserves the right to seek consumer claim inspections by authorized agencies before arbitration. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this document useful in understanding the arbitration process specific to manufactured home transactions in Fairfax, ensuring they can advise their clients accurately on the implications of this agreement. Filling and editing instructions emphasize the importance of accurate completion of signatures and maintaining clear communication with all involved parties.
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