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.
Arbitration Definition For Dummies In King
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Arbitration is a mechanism for resolving disputes between investors and brokers, or between brokers. Learn how arbitration can resolve certain disputes out of the court.Instead of a judge, impartial arbitrators make the legal decision. Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure. Arbitration is an alternative to traditional judicial proceedings. Like court, arbitration involves a neutral person deciding the outcome of a dispute. Arbitration has been used as a disputeresolution tool for thousands of years. Arbitration is a method of settling disputes between individuals, groups, or countries.