Montana Arbitration Agreement for Cars

State:
Multi-State
Control #:
US-00416-1-2
Format:
Word; 
Rich Text
Instant download

Description

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.
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FAQ

The only general requirement is that both parties agree to the person they are choosing to arbitrate their dispute. However, the arbitrators traditionally chosen are experts in the business or field of law involved.

Arbitration is used as a private form of settlement between parties by appointing individuals as arbitrators is considered a useful means of prompt and fair settlement of disputes that may result from commercial transactions in the field of goods and services.

An arbitration agreement must be in writing; An arbitration agreement must comply with the requirements of a valid contract; An arbitration agreement must be in respect of a dispute that is arbitrable; Parties may agree on the number of arbitrators and their nationalities (subject to it being an odd number);

Arbitration is a process whereby the dispute between the vehicle manufacturer and the consumer is resolved by a neutral third party, an arbitrator. In California, many manufacturers offer a California state-certified arbitration program.

Supreme Court ruling in NN Global The Supreme Court in NN Global, relying, inter alia, on the doctrine of separability, ruled an arbitration agreement to be a separate and distinct contract dehors the substantive agreement, which in itself is not liable to be subjected to any stamp duty payment.

Arbitration is an out-of-court method for resolving a dispute between a worker and an employer. Arbitration takes place in front of a neutral decision-maker called an arbitrator (or in some cases, a group or panel of arbitrators) who will listen to each side and make a decision about the case.

Arbitration agreements require that persons who signed them resolve any disputes by binding arbitration, rather than in court before a judge and/or jury. What is binding arbitration? Binding arbitration involves the submission of a dispute to a neutral party who hears the case and makes a decision.

The place of the arbitration shall be city, state, and state law shall apply. We further agree that we will faithfully observe this agreement and the rules, that we will abide by and perform any award rendered by the arbitrator(s), and that a judgment of any court having jurisdiction may be entered on the award.

In most cases, the parties to an arbitration divide the cost of the arbitrator's fees and expenses evenly that is, each pays half.

However, there may be times when you can get around an arbitration agreement. You can negotiate the contract from the start, before you agree to sign anything, to include provisions for: Who chooses the arbiters.

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Montana Arbitration Agreement for Cars