This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
Examples Of When Arbitration Is Used In Wake
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Multi-State
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Wake
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US-00416-1
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Written contracts may contain an arbitration clause. By using such a clause, the parties agree to arbitrate any future disputes.Set out below are examples of arbitrations conducted under the WIPO Rules. Arbitration is similar to going to court, but faster, cheaper and less complex than litigation. If the case settles, an arbitration will last around one year. Arbitration is a contract-based form of binding dispute resolution. Arbitration is a process wherein a dispute or allegation of misconduct is resolved outside of litigation. While parties in litigation have little choice, and must defer to presiding judges, things are a bit less clear in the arbitration context. Arbitration hearings are limited to one hour, which means that each side has up to 30 minutes to testify and present witnesses and evidence. The topics include arbitrator selection, applicable law (procedural and substantive), the interplay between mediation and arbitration, effective use of arbitral.