Examples Of When Arbitration Is Used In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement outlines the conditions under which arbitration is utilized in Pima, particularly relating to the purchase of manufactured homes. It emphasizes binding arbitration for disputes arising from the sales contract, addressing claims concerning the home itself, financing, and associated goods. Key features include the requirement for written notice to initiate arbitration and specifying the selection of arbitrators based on the claim amount. For claims under twenty thousand dollars, a single arbitrator is employed, whereas claims above this threshold require a panel of three. The agreement also clarifies that challenges to its validity are determined by the appointed arbitrator and affirms that arbitration waives the right to a jury trial, shifting dispute resolution from courts to arbitration. Legal professionals like attorneys, partners, and paralegals can utilize this form to streamline settlement processes for clients in home acquisition scenarios. It provides clear directives for filling out and executing the contract, ensuring all involved parties understand their responsibilities and rights under arbitration.
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