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.
Arbitration Definition For Business In Palm Beach
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State:
Multi-State
County:
Palm Beach
Control #:
US-00416-1
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Word;
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Arbitration is similar to mediation, but the arbitration process is the pathway to settling disputes in an effort to prevent going to court. Many businesses choose to include arbitration clauses when signing a contract with other parties.Pike and Lustig, LLP focuses on arbitration matters involving corporations, individuals and small businesses in West Palm Beach. It allows parties to resolve disputes without using a judge or jury. Arbitration lets disputing parties submit to an arbitrator or panel of arbitrators for a final impartial decision. You must complete the Request for Arbitration form and send it, along with copies of all documents requested in the form, to the Office of the Attorney General. Arbitration is a procedure, much like a trial but less formal.