Arbitration Forums Rules In Maryland
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement lays out the rules for resolving disputes related to the purchase of a manufactured home in Maryland. According to this Agreement, any claims or controversies arising from the purchase or financing of the home will be settled through binding arbitration, following the procedures established by the American Arbitration Association under its Commercial Arbitration Rules. Notably, the Agreement specifies that for claims under twenty thousand dollars, a single arbitrator will decide the dispute, while claims over this amount will involve a panel of three arbitrators. Additionally, parties must provide written notice of their intent to arbitrate, which should include a description of the claim and requested remedy. This Agreement is crucial for various legal practitioners, including attorneys, paralegals, and associates, as it delineates the process for dispute resolution, ensuring that they can advise their clients on the implications of arbitration versus court trials. Legal assistants and support staff benefit from understanding these provisions for basic case management and filing. Overall, the Agreement emphasizes that parties waive their rights to a jury trial, highlighting the importance of adequate legal counsel in navigating this alternative dispute resolution process.
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