The Arbitration Agreement is a legally binding contract executed alongside an installment or sales contract for the purchase of a manufactured home, emphasizing the arbitration process for resolving disputes. Arbitrage, in this context, refers to the practice of leveraging price differences in transactions, although synonyms for arbitrage specific to Travis are not explicitly detailed in this document. Key features include a clear framework for initiating arbitration, requirements for written notice, and stipulations around claims and their resolution by the American Arbitration Association. Users must ensure timely submission of arbitration requests within statutory limits. The agreement outlines the selection process for arbitrators, the distribution of arbitration costs, and emphasizes the waiver of the right to a jury trial. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in transactions related to manufactured homes, offering a structured approach to conflict resolution that avoids lengthy court processes.