Arbitration With Lowes 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 legal framework for resolving disputes related to the purchase of a manufactured home, specifically in Nassau involving Lowe's. This binding agreement is designed to address all claims arising from the sales contract, including financing, delivery, and repairs, by appointing the American Arbitration Association (AAA) to oversee proceedings based on its Commercial Arbitration Rules. The form outlines essential steps, such as providing written notice to initiate arbitration and details the difference in arbitration procedures depending on the claim amount. For claims under Twenty Thousand Dollars, a single arbitrator will preside, whereas amounts above require a panel of three arbitrators. It is crucial for users to complete the form accurately, ensuring all parties are named, and a description of the claim is included in the notice sent to AAA. Importantly, this agreement requires users to forfeit their right to a jury trial, emphasizing a clear and structured alternative to court litigation. The target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form critical in facilitating efficient dispute resolution while also clarifying the arbitration process and its implications for their clients.
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