This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Arbitrage Definition With Reference In Nevada
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"Arbitrator" means an individual appointed to render an award, alone or with others, in a controversy that is subject to an agreement to arbitrate. A legal resource guide for Nevada real estate licensees.Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Specified in the arbitration agreement. These are the Local Rules of Practice for the United States District Court for the District of Nevada. Geographic arbitrage means taking advantage of the differences in prices between various locations. You earn money in a stronger economy.