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 Dallas
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Multi-State
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Dallas
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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. Arbitrate. to settle or decide (a dispute); achieve a settlement between parties.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. An arbitrator hears from each party but does not meet separately with each party to facilitate a suitable compromise. Arbitration Clause Defined. Arbitration clauses, also known as arbitration agreements or arbitration provisions, are alternative dispute resolutions. Arbitration, a form of alternative dispute resolution (ADR), is a technique for the resolution of disputes outside the courts. When a dispute arises that parties cannot resolve on their own, arbitration may be a helpful process for them. (B) contains less than 50 square feet of space. English, Spanish, Filipino, French.