Arbitration Hearing Example In San Bernardino
Category:
State:
Multi-State
County:
San Bernardino
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a crucial document executed alongside an Installment or sales contract for purchasing a manufactured home in San Bernardino. It establishes that all disputes related to the sale, purchase, or financing of the home are to be resolved through binding arbitration under the American Arbitration Association's rules. This agreement benefits the purchaser, retailer, manufacturer, and financing entities. It outlines the process for initiating arbitration, including submitting a notice of intention, which must describe the claim and the remedy sought. For claims under twenty thousand dollars, a single arbitrator is employed, while claims above this amount require a panel of three arbitrators. The document serves as a waiver of the right to a jury trial, emphasizing the differences between arbitration and court proceedings. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this agreement useful for ensuring compliance with arbitration procedures, understanding costs involved, and facilitating the resolution of disputes effectively. The clear structure and instructions within the agreement aid in its successful completion and adherence to legal standards.
Free preview
