The Arbitration Agreement is a binding contract accompanying a sales contract for the purchase of a manufactured home, governed by the Federal Arbitration Act. It stipulates that any disputes arising from the sale, purchase, or related financing will be resolved through binding arbitration administered by the American Arbitration Association under its Commercial Arbitration Rules. The form outlines the procedures for notifying parties of arbitration intentions, with different arbitration setups based on the claim amount. It ensures that parties waive their right to a jury trial, recognizing the unique rules applicable to arbitration compared to traditional court proceedings. This agreement is necessary for all parties involved, including manufacturers and financing entities, allowing them to streamline dispute resolution. For attorneys, partners, and associates, this form clarifies legal obligations and protections while serving as a tool for efficient resolution strategies. Paralegals and legal assistants will find it useful in preparation and filing, ensuring compliance with procedural requirements, and managing arbitration documentation effectively.