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.
Massachusetts 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 presently in a situation where you require documents for potential business or personal activities almost every time? There are numerous legal document templates accessible online, but finding ones you can trust isn’t straightforward. US Legal Forms provides thousands of form templates, such as the Massachusetts Arbitration Agreement, which are crafted to meet state and federal requirements.
If you are already familiar with the US Legal Forms website and have an account, simply Log In. After that, you can download the Massachusetts Arbitration Agreement template.
If you do not have an account and wish to start using US Legal Forms, follow these instructions.
- Obtain the form you need and ensure it is for the correct city/state.
- Utilize the Review option to examine the form.
- Check the description to confirm you have selected the correct form.
- If the form is not what you are looking for, use the Lookup field to find the form that meets your needs.
- Once you find the correct form, click Buy now.
- Choose the pricing plan you want, fill in the required information to create your account, and complete the purchase using your PayPal or credit card.
- Select a convenient format and download your copy.
Form popularity
FAQ
Yes. The Federal Arbitration Act, or FAA, was passed in 1925 in response to a variety of court decisions that held arbitration agreements unenforceable. This law provides that arbitration agreements are generally valid and enforceable.
Are Arbitration Agreements Legally Binding? Arbitration agreements are legally-binding if the case is disputed through binding arbitration. If the arbitration is non-binding, then you can pursue the case in court. If the arbitration is binding, then it is enforceable under law.
While most states permit broad arbitration provisions in employment contracts to require that all employment disputes be resolved by arbitration, Massachusetts has joined the minority of states that will require an employee to arbitrate statutory employment discrimination claims only if the employee has specifically
The arbitration agreement is valid only if signed by parties with full civil act capacity, and such parties must be competent, specifically: (i) A person with full civil act capacity is at least 18 years old and does not lose or limit her/his civil act capacity or difficulties in perception, mastery of acts.
A mandatory arbitration agreement should identify the rules, procedures, and evidentiary guidelines to be applied. Many agreements opt for a particular forum's rules and procedures. If there are any rules that the parties want to opt out of (e.g., a limitation on discovery), state as much in the arbitration agreement.
The Massachusetts Act adopted the central provision of the FAA, which makes both pre and post dispute agreements to arbitrate valid, enforceable and irrevocable, except on the grounds for the revocation of other contracts.
Arbitration agreements are presumptively valid, enforceable, and irrevocable in Massachusetts, unless grounds exist for revocation under contract law (M.G.L. ch. 251, §1 and Miller, 863 N.E.2d 537 at 543).
Arbitration is normally binding, although non-binding arbitration exists and is similar to a case evaluation. When an arbitrator makes a decision it is called an award. By binding, it means that the parties agree in advance to accept the decision of the arbitrator.
First, any valid arbitration agreement must reflect the conscious, mutual and free will of the parties to resort to arbitration and not to other means of dispute resolution, including State courts. The consent of both parties to submit their dispute to arbitration is the cornerstone of arbitration.
First, any valid arbitration agreement must reflect the conscious, mutual and free will of the parties to resort to arbitration and not to other means of dispute resolution, including State courts. The consent of both parties to submit their dispute to arbitration is the cornerstone of arbitration.