Arbitration With American Home Shield In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement pertains to the resolution of disputes between purchasers of manufactured homes and retailers, specifically for cases involving the sale and financing of these homes. This legally binding agreement, connected with the purchase contract, mandates that any claims regarding the transaction will be settled through binding arbitration administered by the American Arbitration Association. Key features include a 60-day notice period for initiating arbitration and delineation of costs, which are split between parties. It outlines specific procedures depending on the claim amount—single arbitrator for claims less than twenty thousand dollars and a panel of three for larger amounts. This agreement is essential as it waives the right to a jury trial, guiding users toward an alternative dispute resolution framework. Targeted users, including attorneys, partners, owners, associates, paralegals, and legal assistants, will find this form useful for ensuring compliance with lawful processes, streamlining dispute resolution, and advising clients on arbitration rights and obligations inherent in their purchase agreements.
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