This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Examples Of When Arbitration Is Used In Illinois
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At the arbitration hearing, the parties present their case to the arbitration panel and the arbitrators make a monetary award based on the evidence. The Union's method of calculating total cash compensation is not one that is commonly used in the interest arbitration decisions that I have read.Arbitration is a mandatory but non-binding informal hearing where a neutral arbitrator, or panel of arbitrators, is selected to hear the evidence in your case. ("Village" or "Lansing") and the Illinois Fraternal Order of Police Labor Council. In any court or arbitration proceeding which arises out of the same accident, or which should otherwise be joined in the action being filed . If the court determines that the 2 previously selected arbitrators cannot reach agreement.