Arbitration With At\u0026amp;t In Virginia
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement is a legal document that facilitates binding arbitration between a Purchaser and a Retailer involved in the sale of a manufactured home in Virginia. This Agreement serves as an important part of the sales contract and is governed by the Federal Arbitration Act, making it enforceable in interstate commerce. It covers all disputes related to the sale, purchase, or occupancy of the home, including any financing disputes and claims for equitable relief. Parties are required to notify each other and the American Arbitration Association (AAA) in writing to initiate arbitration, and specific rules apply depending on the amount at stake. Notably, claims under $20,000 will be handled by a single arbitrator, while claims above this amount will require a panel of three arbitrators. This Agreement emphasizes that parties waive their right to a jury trial or court proceedings, opting instead for arbitration, which has distinct procedural differences. The form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it outlines the arbitration process clearly, ensuring all parties understand their obligations and rights. It provides a structured approach to resolving disputes, saving time and costs associated with litigation.
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