The Arbitration Agreement is a legally binding document created in conjunction with a sales contract for the purchase of a manufactured home in Broward. It stipulates that any disputes arising from the purchase, financing, or occupancy of the home will be resolved through binding arbitration administered by the American Arbitration Association. Key features include the requirement for written notice to initiate arbitration, the selection process for arbitrators, and procedures regarding claims based on monetary value. The agreement also clarifies that arbitration decisions are final and enforceable in court. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves to outline the arbitration process, ensuring clients understand their rights and obligations while waiving the right to trial by jury. It allows for a faster and more efficient resolution of disputes while maintaining compliance with the Federal Arbitration Act. Additionally, the document provides a structured approach for initiating arbitration and addresses the costs associated with the process.