Arbitration Forums Rules In Fulton

• Category: Arbitration and Mediation - Arbitration
• State: Multi-State
• County: Fulton
• Control #: US-00416-1
• Format: Word; Rich Text

Description

The Arbitration Agreement outlines the rules and processes for resolving disputes related to the purchase of a manufactured home in Fulton. It establishes that any claims, disputes, or controversies arising from the transaction will be addressed through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules. This Agreement benefits not only the Purchaser and Retailer but also their successors and any manufacturers or financial entities involved in the transaction. Key features include the requirement for arbitration initiation through a written notice, the determination of the arbitration panel based on the claim amount, and the stipulation that arbitration will occur in the county of sale. For claims under twenty thousand dollars, a single arbitrator is involved, while claims above that amount require a panel of three. The Agreement also emphasizes that both parties waive their right to a jury trial, indicating a preference for arbitration over the judicial process. This Agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants navigating commercial disputes, providing a clear framework for enforcing arbitration processes and protecting their clients' interests.