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.
Arbitrate Definition For English In Chicago
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Chicago
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US-00416-1
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1. to act as arbiter upon (a disputed question) : to settle (a dispute between two people or groups) after hearing the arguments and opinions of both. When an uninvolved, impartial person is called in to help settle a dispute, it's called arbitration.There are five meanings listed in OED's entry for the verb arbitrate. To make an official decision that ends a legal disagreement between people or groups without the need for the disagreement to be solved in court. Arbitration is a formal method of dispute resolution involving a third party neutral who makes a binding decision. The Law Division Mandatory Arbitration program is an alternative dispute resolution process for civil suits seeking money damages. The Request and Agreement to Arbitrate form assists members in filing for arbitration where they believe that they are the procuring cause. There is one meaning in OED's entry for the adjective arbitrated. Arbitration clauses in contracts or other agreements force you to give up your right to file a lawsuit or seek justice from a judge or jury.