Arbitration With Airbnb In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a binding legal document executed between the Purchaser and the Retailer, as part of an installment or sales contract for a manufactured home. This form facilitates the resolution of claims and disputes related to the sale, purchase, or financing of the home through binding arbitration under the Federal Arbitration Act. Key features include provisions for written notices to initiate arbitration, the selection of one or three arbitrators based on the claim amount, and the stipulation that arbitration is conducted according to the Commercial Arbitration Rules administered by the American Arbitration Association. It also specifies that fees and costs associated with arbitration will be shared equally. This Agreement effectively waives the parties' rights to a jury trial and outlines that all arbitration will occur in the county of sale. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a critical tool for protecting clients’ rights and interests in consumer transactions involving manufactured homes. Legal professionals should ensure proper completion of the form and advise clients on the implications of arbitration as opposed to traditional court proceedings.
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