Arbitration Brief Example In Santa Clara

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

Description

The Arbitration Agreement serves as a binding contract that outlines the procedures for resolving disputes related to the purchase of a manufactured home in Santa Clara. It stipulates that any disputes arising from the sale, purchase, or financing of the home will be settled through binding arbitration administered by the American Arbitration Association (AAA). The agreement emphasizes the necessity for both parties to send a written notice of intent to arbitrate, detailing the claim and remedy sought. It requires disputes involving claims less than twenty thousand dollars to be arbitrated by a single arbitrator, while larger claims are to be resolved by a panel of three. Furthermore, the agreement specifies that all arbitrators must have significant experience in commercial law and only lawyers licensed in the state may serve. Parties involved will share arbitration fees, according to AAA's fee schedule, but they retain the right to request inspections by state agencies before arbitration. The agreement underscores the waiver of the right to a jury trial, emphasizing the procedural differences between arbitration and traditional court proceedings. This form is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring they understand dispute resolution processes and comply with federal law governing arbitration.