The Arbitration Agreement is a legal document that establishes the framework for resolving disputes related to the sale and purchase of a manufactured home between the purchaser and retailer, specifically in the context of arbitration with Lowe's in Franklin. This Agreement ensures that all claims, disputes, and controversies arising from the transaction will be resolved through binding arbitration administered by the American Arbitration Association, as dictated by federal law. Key features include the stipulation that disputes must be initiated within a designated timeframe, the conditions for arbitration based on the amount in controversy, and the qualifications required for arbitrators involved in the process. The form is designed to provide clarity on the rights and obligations of the parties, indicating that both parties waive their right to a jury trial, which is critical for attorneys and legal professionals to understand. Filling and editing this form requires attention to detail regarding party names, address information, and specific monetary amounts, making it pertinent for attorneys, partners, and paralegals. This form is useful for those involved in real estate transactions or those representing clients in disputes with retailers, as it guides them through the arbitration process effectively.