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.
Arbitration Definition For Business In Fairfax
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Multi-State
County:
Fairfax
Control #:
US-00416-1
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Arbitration provides a fair, effective and expeditious complaint settlement procedure. Complaints are resolved through voluntary mediation.When you file a consumer complaint, a Consumer Specialist will be assigned to your case for mediation. Is any means of settling a dispute outside of a courtroom. Today's competitive business environment generates disagreements and disputes that cover the entire range of the commercial experience. While litigation may conjure images of lengthy courtroom battles, many commercial disputes are resolved through negotiation, mediation, or arbitration. We search for the most cost-effective resolution for all business disputes, which could mean recommending early negotiation, mediation, or arbitration.