Arbitration With Bank In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement outlines the terms for resolving disputes related to the purchase of a manufactured home in Houston through binding arbitration. This form is executed in conjunction with a sales contract and acknowledges that the transaction is governed by the Federal Arbitration Act. It specifies that any claims regarding the sale, financing, or occupancy of the home must be resolved through the American Arbitration Association's Commercial Arbitration Rules, with a clear distinction between claims exceeding and not exceeding twenty thousand dollars. Key features include the requirement for written notice to initiate arbitration, deadlines for filing claims, and the sharing of arbitration costs. This form serves to streamline dispute resolution, waiving the right to jury trials. Target users such as attorneys, paralegals, and legal assistants will find this form useful in guiding clients through arbitration processes, ensuring compliance with the stipulated arbitration rules, and facilitating efficient resolution of any disputes that may arise in transactions involving manufactured homes.
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