Arbitrage Definition In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement defines the framework for resolving disputes arising from the sale or financing of a manufactured home, as outlined in the related sales contract. It states that agreements will be governed by the Federal Arbitration Act and administered by the American Arbitration Association under its Commercial Arbitration Rules. A key feature includes that all claims related to the transaction, such as contract breaches or fraud, must be resolved through binding arbitration rather than in court, therefore waiving the right to a jury trial. Users are required to send a Notice of intention to arbitrate, which must include relevant details about the dispute. For claims under twenty thousand dollars, the arbitration will take place before a single arbitrator, while claims above this amount will involve a panel of three arbitrators. This form is particularly useful for attorneys navigating dispute resolutions for manufactured home sales, as well as for partners, owners, and associates involved in such transactions. Paralegals and legal assistants can benefit from understanding the filling and editing instructions to assist clients effectively in arbitration procedures.
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