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 With Example 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 a quicker and less expensive option than litigation. Should you be involved in a dispute, you will need an experienced arbitrator.Arbitration is essentially a paid private trial, in other words, a method to resolve disputes without going to court. Arbitration is a type of dispute resolution process that occurs outside the courtroom. 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.