The Arbitration Agreement is designed for resolving disputes related to the sale and purchase of manufactured homes and emphasizes the binding nature of arbitration per the Federal Arbitration Act. This form serves as a key document that outlines the rights and obligations of both purchasers and retailers regarding conflict resolution through arbitration rather than court. Specifically, it delineates the types of disputes that fall under its scope, including issues around financing, installation, and any allegations of wrongdoing. Unique to the form is its stipulation that disputes involving claims of less than Twenty Thousand Dollars will be arbitrated by a single arbitrator, while those over this amount will involve a panel of three arbitrators. Filling out the agreement requires clear identification of parties, claims, and addresses, ensuring all necessary information is provided for effective arbitration initiation. Additionally, legal professionals such as attorneys, paralegals, and legal assistants will find this form crucial for advising clients about their rights and the arbitration process, making it an essential tool for those navigating divorce or related settlement procedures in Kings.