Arbitration With American Home Shield In Washington
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
The Arbitration Agreement facilitates the resolution of disputes between purchasers of manufactured homes and retailers under the jurisdiction of Washington State. This agreement details the circumstances under which arbitration is applicable, specifically addressing claims related to the sale, purchase, occupancy, and financing connected to the manufactured home. It mandates that any disputes will be addressed through binding arbitration as administered by the American Arbitration Association under its Commercial Arbitration Rules. The form requires input from both the retailer and the purchaser to establish the arbitration process, including notice of intent to arbitrate, which initiates the process. Notably, the agreement clarifies that amounts under $20,000 will be resolved by a single arbitrator, while larger claims will require a panel of three. This document is critical for attorneys, partners, owners, associates, paralegals, and legal assistants who represent parties in transactions involving manufactured homes, ensuring that they are prepared for potential legal disputes and understand the arbitration process. Furthermore, it emphasizes the importance of compliance with statutory limitations regarding claims, encouraging timely arbitration proceedings. Overall, this agreement enhances the reliability and predictability of resolving disputes in a cost-effective and structured manner.
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