To participate in the New York State Auto Leasing Excess Wear and. The New Car, Used Car, Wheelchair, and Farm Equipment Lemon Laws provide a legal remedy for buyers or lessees of new and used cars that turn out to be lemons.A mandatory binding arbitration clause in a car loan states you agree to resolve any disputes with an arbitrator rather than the courts. You can prepare an Agreement for a Joint Purchase using the form included here. Simply fill in the details of your joint purchase. The forms can be filled in on the computer. Unless you are prepared to pay cash in one payment, you will sign an arbitration agreement to buy that car. Thus, "when the parties set down their agreement in a clear, complete document, their writing should be enforced according to its terms".5. You and the Company both agree that the arbitrator must follow the terms of this agreement to arbitrate. Arbitration clause in the parties' franchise agreement.