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 Dummies In Riverside
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Riverside
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US-00416-1
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Arbitration is like an informal trial or hearing. The parties present evidence and arguments to their arbitrator, who is an attorney or retired judge.It describes your claim and it provides NFA with the information we need to perform our administrative role in the arbi- tration proceeding. Arbitration is the most traditional form of private dispute resolution. Arbitration is a binding procedure. If you are filing the petition in small claims court, you should use Judicial. Alternative Dispute Resolution (ADR) is a way of solving legal disputes without going to trial.