Arbitration With American Home Shield In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a legal document executed in conjunction with a sales contract for the purchase of a manufactured home, specifically addressing disputes related to the transaction. Key features of the agreement include binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules, which aims to resolve claims, disputes, and controversies without court intervention. It covers all aspects related to the sale, purchase, and financing of the home, with particular provisions for claims under and over twenty thousand dollars. This agreement ensures that all disputing parties, including retailers and manufacturers, adhere to a structured arbitration process. Users must send written notice of their intention to initiate arbitration, including a description of their claim, ensuring clarity in the process. This document is crucial for attorneys, partners, and legal assistants as it provides necessary guidelines for dispute resolution in manufactured home transactions. Additionally, it serves as a reference for owners and associates to understand their rights and obligations under the agreement, emphasizing risks of waiving court trial rights. Completing the form requires signatures from both the retailer and purchaser(s), validating the agreed-upon arbitration terms.
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