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.
Illinois Arbitration Agreement
Category:
State:
Multi-State
Control #:
US-00416-1
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Arbitration Agreement?
Are you currently in a situation that requires documents for either professional or personal reasons on a daily basis? There are numerous legal document templates accessible online, but finding ones you can trust isn’t easy.
US Legal Forms offers a multitude of form templates, such as the Illinois Arbitration Agreement, which are designed to meet federal and state requirements.
If you are already familiar with the US Legal Forms site and have an account, simply Log In. After that, you can download the Illinois Arbitration Agreement template.
Access all the document templates you have purchased in the My documents section. You can obtain an additional copy of the Illinois Arbitration Agreement anytime if required. Just select the desired form to download or print the document template.
Utilize US Legal Forms, the largest collection of legal forms, to save time and avoid errors. The service provides professionally crafted legal document templates that can be used for a variety of purposes. Create your account on US Legal Forms and start making your life a bit easier.
- Locate the form you need and confirm it is for the correct area/region.
- Utilize the Preview feature to review the form.
- Check the description to ensure you have chosen the correct form.
- If the form isn’t what you need, use the Search field to find the form that meets your needs and requirements.
- Once you find the right form, click on Get now.
- Select the pricing plan you prefer, provide the required information to create your account, and complete the payment with your PayPal or credit card.
- Choose a convenient document format and download your copy.
Form popularity
FAQ
Unless otherwise provided in the agreement to arbitrate, the arbitrators' expenses and fees, together with other expenses, not including attorney's fees, incurred in the conduct of the arbitration, shall be paid as provided in the award. (Source: Laws 1961, p. 3844.)
Under Section 31, unless otherwise agreed by the parties, the cost of an Arbitrator shall be fixed by the Arbitral Tribunal.
Arbitration is a form of alternative dispute resolution whereby parties to a dispute agree to submit their respective positions and evidence to a neutral third-party arbitrator (or panel of arbitrators) who then considers the evidence and makes a binding decision resolving the parties' dispute.
In most cases, the parties to an arbitration divide the cost of the arbitrator's fees and expenses evenly that is, each pays half.
In Illinois, court-annexed arbitration is a mandatory, non-binding, non-court procedure designed to resolve civil disputes by utilizing a neutral third party, called an arbitration panel.
Unless otherwise provided in the agreement to arbitrate, the arbitrators' expenses and fees, together with other expenses, not including attorney's fees, incurred in the conduct of the arbitration, shall be paid as provided in the award. (Source: Laws 1961, p. 3844.)
This law provides that arbitration agreements are generally valid and enforceable. The major exception to this provision is that the arbitration agreement is not enforceable if it violates the general law of contracts - which applies to all contracts under the law of the state that governs the agreement.
For two-party matters, the Filing Fee is $1,750. For matters involving three or more parties, the filing fee is $3,000. The entire Filing Fee must be paid in full to expedite the commencement of the proceedings.