The Arbitration Agreement is designed to facilitate dispute resolution for purchasers of manufactured homes in Riverside without the need for legal representation. It outlines the binding nature of the agreement, indicating that all claims related to the sale or purchase of the home must be resolved through arbitration administered by the American Arbitration Association. Key features include a set procedure for initiating arbitration, stipulations regarding the selection of arbitrators based on the claim amount, and the waiver of the right to a jury trial. This agreement is beneficial for attorneys, partners, and owners as it streamlines conflict resolution in commercial transactions, saving time and costs associated with traditional litigation. Paralegals and legal assistants will find the clear instructions for filling out and editing this form useful for assisting clients in understanding their rights and obligations. Additionally, the provision for arbitration fees being shared can help clients manage expenses effectively. The document emphasizes that arbitration can begin with a simple notice, promoting accessibility for users with varying levels of legal experience.