Arbitration With Lowes In Orange

• Category: Arbitration and Mediation - Arbitration
• State: Multi-State
• County: Orange
• Control #: US-00416-1
• Format: Word; Rich Text

Description

The Arbitration Agreement is a legally binding document executed in conjunction with an installment or sales contract for purchasing a manufactured home. It stipulates that any disputes related to the sale or financing of the home, including collection issues, will be resolved through binding arbitration as governed by the Federal Arbitration Act and administered by the American Arbitration Association (AAA). Key features include the selection process for arbitrators, which requires them to have significant legal experience, and the provision for costs and fees which are shared equally among the parties involved. This agreement mandates that any party wishing to initiate arbitration must send written notice outlining the dispute. It is designed to simplify the resolution process while waiving a party's rights to a jury trial. Additionally, it allows for an informal dispute resolution process through state agencies before arbitration begins. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it outlines a clear procedural framework for arbitration and understanding of rights and obligations regarding disputes related to manufactured homes. By using this form, legal professionals can facilitate a smoother arbitration process for their clients while ensuring compliance with applicable legal standards.