Arbitration Forums Members In Fairfax
Category:
State:
Multi-State
County:
Fairfax
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is designed to resolve disputes arising from the sale or financing of manufactured homes in Fairfax through binding arbitration. This Agreement is executed along with the sales contract, ensuring that all parties, including the retailer and the purchaser, understand its implications and benefits. It stipulates that disputes regarding the sale, delivery, and financing of the home will be handled by the American Arbitration Association under its Commercial Arbitration Rules, emphasizing that the federal law governs these proceedings. Notably, claims under twenty thousand dollars will be addressed by a single arbitrator, while claims above this amount will require a panel of three. This agreement waives the right to a jury trial, instead opting for arbitration, which is an important consideration for all parties involved. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it outlines the process to initiate arbitration and clarifies respective responsibilities. Clear filling instructions are provided, including the delivery of notice to commence arbitration, ensuring that all parties are aware of the necessary steps. For legal professionals, this document serves as a vital tool for dispute resolution within the jurisdiction of Fairfax, streamlining processes and providing clarity in proceedings.
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