Arbitration Forums Rules In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement outlines the processes for resolving disputes related to the sale and occupancy of manufactured homes in Oakland. It specifies that any claims arising from the contract will be resolved through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, ensuring a structured resolution process. The document highlights that all parties, including the Purchaser, Retailer, and associated manufacturers, are bound by the agreement. It allows for arbitration of disputes under $20,000 by a single arbitrator, and claims over that amount by a panel of three arbitrators. Important is the stipulation that the agreement waives the right to a jury trial, emphasizing arbitration as an alternative to traditional court procedures. The agreement requires that any initiation of arbitration follows a formal written notice and is subject to relevant statutes of limitations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to navigate the arbitration process effectively, ensuring compliance with federal laws and the specific rules of the AAA. It provides clarity on roles and responsibilities involved in arbitration, making it a crucial tool for professionals involved in transactions related to manufactured homes.
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