Arbitrage Definition And Synonyms In Florida
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a legal document designed to facilitate the resolution of disputes arising from the sale or purchase of a manufactured home. In Florida, 'arbitrage' refers to the process of settling disputes outside of court, and it is synonymous with terms like 'mediation' and 'alternative dispute resolution.' This Agreement establishes that any claims related to the contract, including issues of design, construction, and financing, will be resolved through binding arbitration overseen by the American Arbitration Association. Key features of the form include provisions for notification of arbitration intentions, selection of arbitrators, and rules for arbitration procedures. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for streamlining dispute resolution processes, ensuring compliance with federal arbitration laws, and safeguarding the rights of parties involved. The form provides clear instructions for filling out and editing, including signature lines for both retailers and purchasers. It emphasizes waiving the right to a jury trial, which can expedite resolutions and reduce legal costs for users. Additionally, the form underscores the importance of obtaining a consumer claim inspection through authorized state agencies before arbitration, preserving consumer rights.
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