Arbitration With Lowes In Salt Lake

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

Description

The Arbitration Agreement for arbitration with Lowes in Salt Lake is a binding agreement that forms part of the sales contract for purchasing a manufactured home. It specifies that all claims and disputes related to the sale, purchase, or occupancy of the home, as well as any connected goods or services, must be resolved through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules. This agreement is essential for both the purchaser and retailer, as it includes provisions for initiating arbitration, timelines for notifying parties, and the selection of arbitrators based on the amount in dispute. It clearly states that any arbitration for claims under Twenty Thousand Dollars will be handled by a single arbitrator, while higher claims require a panel of three arbitrators. Additionally, parties waive their right to a jury trial in favor of arbitration, ensuring a more streamlined resolution process. The target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form useful for advising clients on alternative dispute resolution options. It helps them understand the implications of choosing arbitration and guides them through the steps required to initiate the process.