Arbitrage Definition And Synonyms In Maricopa
Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement outlines the rules and procedures for resolving disputes related to the purchase and financing of a manufactured home. In Maricopa, 'arbitrage' relates to the process of resolving claims through arbitration rather than litigation, ensuring a streamlined and efficient avenue for dispute resolution. This Agreement binds both the Purchaser and Retailer, as well as their successors, and covers a variety of disputes, including those arising from the sale, installation, and financing of the home. Users must initiate arbitration by providing written notice to the Retailer and the American Arbitration Association, detailing the nature of the dispute. The Agreement specifies that claims under $20,000 will be heard by a single arbitrator, while those exceeding this amount will involve a panel of three arbitrators, all with relevant legal experience. It emphasizes the waiver of jury trial rights, highlighting the differences between arbitration and court procedures. This form is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear framework for addressing disputes and seek to guide clients through binding arbitration processes.
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