Arbitration Forums In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement serves as a crucial document for parties engaged in a manufactured home transaction, specifically addressing arbitration forums in Travis. It establishes a binding agreement between the Purchaser and Retailer, specifying that disputes related to the sale, financing, and maintenance of the home must be resolved through binding arbitration administered by the American Arbitration Association (AAA). This Agreement emphasizes that any claim exceeding twenty thousand dollars will be handled by a panel of three arbitrators, while lesser claims will be managed by a single arbitrator. Importantly, it also stipulates that all parties waive their right to a jury trial, pivoting towards a more streamlined arbitration approach instead. The form lays out clear instructions for initiating arbitration, including the requirement for written notice and details surrounding the claim. Additionally, it provides utility to various legal professionals such as attorneys, paralegals, and legal assistants who may be involved in the drafting or interpretation of such agreements, ensuring that all parties understand their rights and obligations. This Agreement also reassures parties of a fair arbitration process, highlighting the need for experienced arbitrators and shared costs in accordance with AAA fee schedules.
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