Arbitration Forums Rules In Philadelphia

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

Description

The Arbitration Agreement outlines the rules governing arbitration in Philadelphia for disputes related to the sale, purchase, or occupancy of manufactured homes. It affirms that such transactions are governed by the Federal Arbitration Act and binds the Purchaser and Retailer, as well as successors and assigns. Key features include a requirement for binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, ensuring disputes are resolved without court intervention. Filling instructions specify that parties must send written notice to initiate arbitration, including a description of the claim and the requested remedy. Specific use cases relevant to attorneys, partners, owners, associates, paralegals, and legal assistants include navigating disputes over contract breaches or financing issues of manufactured homes. The form clarifies that claims for amounts under twenty thousand dollars will proceed before a single arbitrator, while amounts exceeding that require three arbitrators. Additionally, the agreement includes provisions for fee sharing and ensures that parties waive their rights to a jury trial, affirming the distinct process applicable to arbitration. Ultimately, this document serves as a critical tool for legal professionals in managing arbitration processes effectively.