The Arbitration Agreement facilitates a streamlined approach for resolving disputes related to the sale and purchase of manufactured homes in Montgomery. This form is specifically designed to ensure that both the purchaser and retailer agree to binding arbitration as the method for resolving conflicts, thereby waiving the right to a jury trial or court proceedings. Key features include provisions for initiating arbitration, the selection process for arbitrators, and the division of arbitration costs. It outlines that disputes involving amounts less than twenty thousand dollars will be handled by a single arbitrator, whereas larger claims will involve a panel of three arbitrators, all with relevant legal expertise. The form instructs parties on submitting written notice of their intent to arbitrate, including necessary claim details. This document is crucial for legal professionals such as attorneys, paralegals, and legal assistants as it provides clear procedural guidelines while protecting the interests of both parties involved. By utilizing this form, users can help clients navigate intricate legal obligations associated with manufactured home transactions while ensuring compliance with federal arbitration laws.