Arbitration Forums Members In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a binding contract between the purchaser and retailer in Nassau regarding the purchase of a manufactured home. It clarifies that all disputes, including those related to the sale, financing, and other aspects of the transaction, will be resolved through binding arbitration, administered by the American Arbitration Association (AAA), in accordance with its Commercial Arbitration Rules. Users are directed to send a written notice to initiate arbitration, including details of the claim. The form establishes that claims under Twenty Thousand Dollars will be handled by a single arbitrator, while those above that amount require a panel of three. Legal practitioners, including attorneys, partners, owners, associates, paralegals, and legal assistants will find this form useful for its clarity in outlining arbitration procedures and rights, ensuring a smoother resolution process. They are advised to assist clients in completing this form accurately, understanding the waiver of jury trial rights, and communicating the significance of arbitration in place of court trials. This Agreement is beneficial in promoting an efficient dispute resolution mechanism for all parties involved.
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