Arbitration Forums Phone Number In Suffolk

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

Description

The Arbitration Agreement is a legal document executed in connection with an installment or sales contract for purchasing a manufactured home. It establishes binding arbitration as the exclusive method to resolve disputes arising from the sale, occupancy, or financing of the home, in accordance with the Federal Arbitration Act. The form outlines the process for initiating arbitration, including providing written notice of intent to the retailer and the American Arbitration Association (AAA). For claims under Twenty Thousand Dollars, arbitration is conducted by a single arbitrator; for higher claims, by a panel of three. Key features include waiving the right to a jury trial, detailing the arbitration rules under AAA, and ensuring that parties are aware of the arbitration process versus judicial proceeding. The form is primarily useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it clarifies dispute resolution methods and outlines procedural requirements. Additionally, it serves as a useful reference to ensure compliance with arbitration standards and documentation practices relevant to the case.